Galaxy Digital Don Add 4,272 BTC, Q2 Equity Don Reach $2.6B
Galaxy Digital dey increase dia Bitcoin holdings by 4,272 BTC for Q2, bring dia total to 17,102 BTC (wey worth $1.8 billion). Di company own equity investments for public and private blockchain firms climb reach $2.6 billion. Dem also rebalance crypto assets: reduce Ethereum to 90,521 ETH and XRP to 15.4 million tokens, plus add Solana (SOL) and SUI. Net digital asset holdings jump 40% from quarter to quarter to $1.2 billion. Di Digital Assets part deliver $71 million gross profit, and Global Markets profit rise 28% to $55 million. Infrastructure assets grow 27% to $8.9 billion, with staked assets up 34%. Treasury & Corporate generate $228 million, leading to $211 million adjusted EBITDA and $30.7 million net income. Dem debut for Nasdaq for May, Galaxy plan to tokenize dia stock. CEO Michael Novogratz talk say all dis moves show say dem get long-term confidence for crypto growth. For crypto traders, na better chance for Bitcoin trading and blockchain equities.
Bullish
Galaxy Digital get big stash of 4,272 BTC for Q2 plus dem dey expand their equity investments, show say plenty institutional demand dey for Bitcoin. Short term, this fit tight supply wey dey available and boost trading volumes, wey go push Bitcoin price up. Dem diversified strategy—cut down altcoins, add SOL and SUI, plus dem show for Nasdaq with plan to tokenize their stock—dey build market confidence and liquidity. Long term, steady accumulation from Nasdaq-listed company mean say bullish sentiment go strong, fit attract more institutions plus retail investors. Dem strategic rebalancing plus profit growth for business areas show say market outlook dey fine, support Bitcoin resilience and steady price rise.