🌌 Galaxy Digital Turns $295M Loss Into $30.7M Profit 💰
Mike Novogratz’s Galaxy Digital just flipped the script in Q2 2025:
📈 Net income: $30.7M (vs. $295M loss last quarter)
🪙 $BTC holdings: +4,272 BTC → now 17,102 BTC ($1.95B)
💵 Total digital assets: $3.56B (BTC = over half)
⚡ Adjusted EBITDA: $211M
📊 Global Markets profit: +28% QoQ → $55.4M (despite lower volumes)
Novogratz: “July was the best month we’ve had — all cylinders firing.”
Galaxy now has $2.6B equity + $1.2B cash/stables, positioning it as one of the biggest institutional Bitcoin whales. 🐋 🤑
