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Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure
The post Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure appeared on BitcoinEthereumNews.com. Key Takeaways Galaxy Digital increased its Bitcoin holdings to 17,102 BTC while reducing ETH and XRP exposure in Q2. The firm’s diversified digital asset portfolio includes BTC, ETH, XRP, SOL, and newly added SUI. Galaxy Digital increased its Bitcoin holdings by 4,272 to 17,102 BTC in the second quarter while reporting approximately $31 million in net income and maintaining $2.6 billion in total equity, according to a Tuesday SEC disclosure. The firm’s net digital asset holdings rose to $1.2 billion, a 40% increase from Q1, driven by increased Bitcoin exposure. The company’s digital asset portfolio showed mixed adjustments across major crypto assets in Q2. While Bitcoin holdings grew, Ethereum holdings decreased to 90,521 from 155,026 in Q1, per the filing. Galaxy Digital’s Q2 report XRP exposure declined to 15.4 million from 16.9 million, while Solana exposure increased to 1.1 million from 995,072. The firm also added exposure to SUI. These include borrowed assets from counterparties, assets deposited as collateral under Galaxy’s control, as well as Galaxy’s assets pledged as collateral. Galaxy Digital’s Q1 report Galaxy expands staking and trading despite spot volume drop Galaxy’s Digital Assets segment delivered $71 million in adjusted gross profit, a 10% quarter-over-quarter increase, while adjusted EBITDA held steady at $13 million. The gains were fueled by Galaxy’s Global Markets business, which saw a 28% jump in gross profit to $55 million, even as overall spot trading volumes declined 22%. On the infrastructure side, Galaxy’s Asset Management and Infrastructure Solutions segment saw mixed results. While staking revenues declined amid softer on-chain activity, total assets on the platform rose to $8.9 billion, up 27% quarter-over-quarter, with assets under stake climbing to $3.1 billion, a 34% gain. Galaxy also expanded its staking footprint through a new integration with Fireblocks. The company’s Treasury & Corporate division reported $228 million…
The post Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure appeared on BitcoinEthereumNews.com.
Key Takeaways Galaxy Digital increased its Bitcoin holdings to 17,102 BTC while reducing ETH and XRP exposure in Q2. The firm’s diversified digital asset portfolio includes BTC, ETH, XRP, SOL, and newly added SUI. Galaxy Digital increased its Bitcoin holdings by 4,272 to 17,102 BTC in the second quarter while reporting approximately $31 million in net income and maintaining $2.6 billion in total equity, according to a Tuesday SEC disclosure. The firm’s net digital asset holdings rose to $1.2 billion, a 40% increase from Q1, driven by increased Bitcoin exposure. The company’s digital asset portfolio showed mixed adjustments across major crypto assets in Q2. While Bitcoin holdings grew, Ethereum holdings decreased to 90,521 from 155,026 in Q1, per the filing. Galaxy Digital’s Q2 report XRP exposure declined to 15.4 million from 16.9 million, while Solana exposure increased to 1.1 million from 995,072. The firm also added exposure to SUI. These include borrowed assets from counterparties, assets deposited as collateral under Galaxy’s control, as well as Galaxy’s assets pledged as collateral. Galaxy Digital’s Q1 report Galaxy expands staking and trading despite spot volume drop Galaxy’s Digital Assets segment delivered $71 million in adjusted gross profit, a 10% quarter-over-quarter increase, while adjusted EBITDA held steady at $13 million. The gains were fueled by Galaxy’s Global Markets business, which saw a 28% jump in gross profit to $55 million, even as overall spot trading volumes declined 22%. On the infrastructure side, Galaxy’s Asset Management and Infrastructure Solutions segment saw mixed results. While staking revenues declined amid softer on-chain activity, total assets on the platform rose to $8.9 billion, up 27% quarter-over-quarter, with assets under stake climbing to $3.1 billion, a 34% gain. Galaxy also expanded its staking footprint through a new integration with Fireblocks. The company’s Treasury & Corporate division reported $228 million…
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