Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, reversing a loss of $295 million in the previous quarter.
The digital asset and infrastructure company stated that the increase in its balance sheet holdings and the strong performance of its global markets division were key factors in its recovery, according to a press release on Tuesday.
At the end of the quarter, Galaxy's Bitcoin holdings increased to 17,102 Bitcoins, valued at $1.95 billion. The company held 13,704 Bitcoins at the end of the first quarter, indicating an increase of 4,272 Bitcoins in the second quarter, as disclosed in a financial supplement.
The company's total digital assets, including Bitcoin, Ethereum, USDC, Solana, and XRP, reached a book value of $3.56 billion. Bitcoin remains the largest holding, accounting for more than half of Galaxy's total assets measured at fair value.
Galaxy achieved $211 million in EBITDA thanks to financial gains.
Adjusted EBITDA was $211 million, supported by adjusted gross profit of $228 million from the financial and corporate divisions.
Meanwhile, digital assets generated $71.4 million in adjusted gross profit, a 10% increase from the previous quarter. However, due to rising expenses, the adjusted EBITDA for the digital asset business remained at $13 million.
Galaxy's global markets division stood out, with adjusted gross profit increasing by 28% quarter-over-quarter, totaling $55.4 million. Despite a 22% decline in trading volume, the company still outperformed broader market trends. Average loan accounts expanded to $1.1 billion, driven by demand for margin loans.
