Galaxy Digital’s Strategic Shift: Enhancing Bitcoin Holdings
In a significant development in the digital assets sector, Galaxy Digital, a prominent player in digital assets and AI infrastructure, has unveiled its financial results for Q2 2025. The company has notably expanded its Bitcoin (BTC) holdings by an impressive 4,272 BTC, while simultaneously reducing its investment in other cryptocurrencies such as Ethereum (ETH). This marks a strategic reallocation in their investment portfolio.
Significant Rise in Bitcoin Holdings
The Q2 2025 financial report from Galaxy Digital reveals a net income of $30.7 million, underscoring robust performance across its primary business units. A pivotal moment for the company was its official debut on the Nasdaq stock exchange on March 16, trading under the ticker symbol GLXY.
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With the latest figures, Galaxy Digital’s net digital asset holdings are valued at approximately $1.2 billion based on current market prices, reflecting a substantial 40% increase from Q1 2025. This surge in portfolio value is primarily attributed to a significant rise in Bitcoin’s market price over the preceding three months. Notably, Bitcoin’s price was around $70,500 on March 31, and by June 30, it had escalated to $108,700, representing a remarkable gain of more than 50% within the quarter.
As of June 30, the firm reported holding 17,102 BTC, a notable increase from 12,830 BTC at the end of Q1. However, this accumulation came with a corresponding reduction in the company’s ETH and XRP holdings, indicating a strategic shift towards a more cautious or balanced approach concerning altcoins.
Portfolio Adjustments and Market Trends
Galaxy Digital’s ETH holdings saw a decline from 155,026 ETH on March 31 to 90,521 ETH by the end of June. Their portfolio still includes other digital assets such as Solana (SOL), Hype (HYP), SUI, and stablecoins like Circle’s USDC.
Beyond changes in crypto holdings, the firm also posted a notable increase in assets under management (AUM), which climbed to $8.9 billion, marking a 27% rise quarter-over-quarter. Assets under stake also surged to $3.1 billion, representing a 34% increase. The company remains optimistic about Q3, stating that July witnessed the strongest monthly financial performance in the firm’s Digital Assets operating business history, achieving record results in Global Markets and consistent progress in Asset Management and Infrastructure Solutions.
Future Directions for Galaxy Digital’s Crypto Strategy
While Galaxy Digital has increased its BTC holdings and reduced its ETH exposure in Q2, recent developments hint at potential adjustments in their portfolio strategy. These could be influenced by capital rotation and evolving market trends.
Last week, a Satoshi-era Bitcoin wallet linked to Galaxy Digital initiated a significant sale of 22,700 BTC. This sell-off impacted the market, reducing Bitcoin’s net realized profit to $1.4 billion. Meanwhile, Galaxy Digital CEO Mike Novogratz recently remarked that Ethereum is poised to outperform Bitcoin in the near future, citing ETH’s expanding ecosystem and rapid innovation. Currently, BTC is trading at $113,230, experiencing a 1.6% decline over the past 24 hours.
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