In a bold move that shook the cryptocurrency market, Galaxy Digital Inc. revealed that it now holds $34.4 million worth of XRP, according to the latest SEC filing for the quarter ending June 30, 2025.
This marks a significant shift in the company's digital asset portfolio, as the company also increased its Bitcoin holdings while reducing its investment proportion in both Ethereum and XRP.
The latest filings show that Galaxy Digital currently holds 17,102 BTC, worth about $1.8 billion, up from the previous quarter. In contrast, Ethereum holdings have sharply decreased from 155,026 ETH to 90,521 ETH. Meanwhile, XRP holdings slightly decreased to 15.4 million tokens, compared to 16.9 million in the first quarter of the year.
What catches investors' attention is Galaxy Digital's unexpected acquisition of XRP. The company's December 2024 financial report showed no XRP holdings, but by mid-2025, it had accumulated over 15 million XRP tokens.
Such a strong move in such a short period has raised questions about the company's long-term strategy for digital assets.
The increase in Bitcoin holdings, combined with the surge in cryptocurrency market value, has led to a 40% increase in Galaxy Digital's cryptocurrency portfolio in just one quarter. As a result, the total value of the company's digital assets has risen to approximately $1.2 billion.
Financially, Galaxy Digital has seen a significant turnaround, reporting a net income of $30.7 million, reversing a loss of $125.6 million from Q2 2024. Operating profit for the quarter reached $395 million.
The Increasing Adoption of XRP by Companies is Noted in Recent SEC Filings
Enterprise adoption of XRP continues to accelerate, as several major companies have announced strategic investments in this token. Attorney Bill Morgan, a Ripple supporter, highlighted key findings from recent SEC filings, indicating strong interest in XRP as an asset on balance sheets.
Notably, Flora Growth Corp. announced its XRP holdings, along with Ethereum and Solana, purchased to strengthen its financial position. Similarly, Hyperscale Data Inc. has included XRP in its digital asset portfolio and plans to publish monthly updates on its holdings.
Furthermore, Ault Capital Group, a subsidiary of Hyperscale, aims to purchase up to $10 million in XRP to support cross-border payment transactions and decentralized financial services.
The Interest of Organizations in XRP Soars After Ripple's Legal Transparency
Galaxy Digital's acquisition of XRP comes at a time when organizations are increasingly interested in this token, largely driven by favorable legal rulings for Ripple in the United States. More companies are adding XRP to their balance sheets, with some viewing it as a viable treasury asset, similar to Bitcoin.
Galaxy also drew attention by transferring $40.7 million in Solana to Binance, signaling a shift in liquidity and asset strategy. This move, combined with the acquisition of XRP, indicates that Galaxy Digital is recalibrating its portfolio to align with emerging market trends and capitalize on new opportunities in the digital asset space.
Galaxy Digital's strategic shift reflects a growing confidence in XRP and the cryptocurrency market in general. The company's recent actions suggest an evolving strategy that could reshape its digital asset portfolio and investment approach in the coming quarters.