Galaxy Digital has indeed made some significant moves in its digital asset portfolio. Here's what's happening :

- *Bitcoin Holdings*: Galaxy Digital added 4,272 Bitcoins to its portfolio in Q2, bringing its total Bitcoin holdings to 17,102. This valued at approximately $1.8 billion at quarter-end, represents a substantial increase in Bitcoin exposure.

- *Ethereum and XRP Exposure*: On the other hand, the company reduced its Ethereum holdings from 155,026 to 90,521 and XRP exposure from 16.9 million to 15.4 million. This suggests a shift in strategy, potentially indicating a greater focus on Bitcoin.

- *Solana Exposure*: Galaxy Digital increased its Solana exposure from 995,072 to 1.1 million, showing a continued interest in the asset.

- *New Addition*: The company also added exposure to SUI, a new asset in its portfolio.

*Financial Performance*:

- *Net Income*: Galaxy Digital reported a net income of $30.7 million for Q2, a significant turnaround from a $295 million loss in Q1.

- *Adjusted EBITDA*: The company's adjusted EBITDA reached $211 million, driven by gains in balance sheet holdings and strong performance from its Global Markets division.

- *Assets Under Management*: Galaxy's assets under management and stake grew 27% to $8.9 billion, with assets under stake climbing to $3.1 billion, a 34% gain.

*What's Next*:

Galaxy Digital's CEO, Mike Novogratz, has revealed plans to work with the SEC on tokenizing Galaxy's stock to integrate it into decentralized finance applications. This move could potentially open up new opportunities for the company and its investors .

#BTCUnbound #CFTCCryptoSprint #BinanceHODLerPROVE #BitcoinTreasuryWatch #BinanceHODLerTOWNS $BTC