Galaxy Digital Reports Possible Profit Boost from Bitcoin Holdings Amid Q2 2025 Growth
Main Idea
Galaxy Digital reported a $30.7 million profit in Q2 2025, reversing a $295 million loss from Q1, driven by crypto asset appreciation and strategic Bitcoin acquisitions.
Key Points
1. Galaxy Digital acquired 4,272 bitcoins in Q2 2025, increasing its Bitcoin reserves to $48 million.
2. The company's adjusted EBITDA for Q2 2025 was $211 million, showing significant growth.
3. Galaxy Digital is diversifying its strategy by expanding into AI data center infrastructure.
4. The Q2 profit rebound aligns with a broader recovery in crypto markets during mid-2025.
5. The Q1 2025 loss of $295 million was attributed to market volatility and asset depreciation.
Description
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