Galaxy Digital experienced a $482 million net loss in the fourth quarter of 2025 as a result of falling cryptocurrency prices and one-time costs.
Lower digital asset valuations and roughly $160 million in unusual expenses were the main causes of the company’s $241 million annual losses. During the quarter, bitcoin values dropped by almost 20%, which affected trading and investment revenue.
According to CEO Michael Novogratz, the market is seeing a typical crypto decline. According to him, difficult times are frequently when long-term investors discreetly get ready or build up.
Galaxy ended 2025 with $2.6 billion in cash and stablecoins and earned $426 million in adjusted gross profit despite losses. The platform had $12 billion in total assets.
The firm is also going ahead with its AI data center plans in Texas, securing approvals for over 1.6 gigawatts of power.
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