Galaxy Digital Adds 4,272 BTC, Q2 Equity Reaches $2.6B
Galaxy Digital boosted its Bitcoin holdings by 4,272 BTC in Q2, raising its total to 17,102 BTC (worth $1.8 billion). The firm’s equity investments in public and private blockchain firms climbed to $2.6 billion. It also rebalanced crypto assets: trimming Ethereum to 90,521 ETH and XRP to 15.4 million tokens, while adding Solana (SOL) and SUI. Net digital asset holdings jumped 40% quarter-on-quarter to $1.2 billion. Its Digital Assets arm delivered $71 million in gross profit, and Global Markets profit rose 28% to $55 million. Infrastructure assets grew 27% to $8.9 billion, with staked assets up 34%. Treasury & Corporate generated $228 million, leading to $211 million in adjusted EBITDA and $30.7 million net income. Debuting on Nasdaq in May, Galaxy plans to tokenize its stock. CEO Michael Novogratz said these moves reflect long-term confidence in crypto growth. For crypto traders, this signals bullish prospects for Bitcoin trading and blockchain equities.
Bullish
Galaxy Digital’s substantial Q2 accumulation of 4,272 BTC and expansion of equity investments underscore robust institutional demand for Bitcoin. In the short term, this may tighten available supply and boost trading volumes, exerting upward pressure on Bitcoin’s price. The firm’s diversified strategy—trimming altcoins, adding SOL and SUI, and debuting on Nasdaq with plans to tokenize its stock—enhances market confidence and liquidity. Over the longer term, sustained accumulation by a Nasdaq-listed entity signals durable bullish sentiment, potentially attracting further institutional and retail participation. Strategic rebalancing and profit growth across business segments indicate a healthy market outlook, supporting Bitcoin’s resilience and fostering steady price appreciation.