Galaxy Digital reported a internet earnings of $30.7 million for the second quarter of 2025, reversing the $295 million loss recorded within the earlier quarter.
The digital asset and infrastructure agency cited positive aspects in steadiness sheet holdings and powerful efficiency from its World Markets division as key drivers of its restoration, in line with a Tuesday press launch.
The quarter ended with Galaxy’s Bitcoin holdings rising to 17,102 Bitcoin (BTC), valued at $1.95 billion. The corporate held 13,704 BTC by the tip of the primary quarter, suggesting that it added 4,272 BTC in Q2, the corporate disclosed in a monetary complement.
The agency’s complete digital property, together with BTC, Ether (ETH), USDC (USDC), Solana (SOL) and XRP (XRP), reached $3.56 billion in carrying worth. Bitcoin remained the biggest single holding, making up over half of Galaxy’s honest value-measured property.
Associated: Galaxy Digital raises $175M in first fund to broaden crypto investments
Galaxy posts $211 million EBITDA backed by treasury positive aspects
Adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) got here in at $211 million, supported by a $228 million adjusted gross revenue from its Treasury and Company section.
In the meantime, digital property generated $71.4 million in adjusted gross revenue, a ten% improve from the prior quarter. Nonetheless, adjusted EBITDA within the Digital Property enterprise held flat at $13 million as bills rose.
Galaxy’s World Markets unit stood out with a 28% quarter-over-quarter soar in adjusted gross revenue, totaling $55.4 million. This got here regardless of a 22% decline in buying and selling quantity, because the agency managed to outperform broader market developments. The common mortgage e-book expanded to $1.1 billion, fueled by demand for margin lending.
The agency’s Asset Administration & Infrastructure Options section posted a 26% decline in revenue, reflecting slower onchain exercise and decreased staking rewards. Nonetheless, property underneath administration and stake grew 27% to $9 billion, buoyed by greater crypto costs and recent inflows.
Associated: Bitcoin value shrugs off potential new $450M Galaxy Digital BTC sale
Galaxy achieves operational milestones
Past financials, Galaxy made notable operational strides. It accomplished the sale of over 80,000 BTC on behalf of a shopper, one of many largest such offers to this point.
In the meantime, its Helios knowledge middle campus is increasing, with CoreWeave now dedicated to the total 800 megawatts of accepted capability. Galaxy additionally secured an extra 160 acres and a 1 gigawatt interconnection request, setting the stage for as much as 3.5 GW of energy capability at Helios.
Galaxy started buying and selling on Nasdaq underneath the ticker GLXY in Could following its company reorganization.
Journal: Inside a 30,000 cellphone bot farm stealing crypto airdrops from actual customers
