Galaxy Digital has bounced back into the black, reporting $30.7 million in net income for the second quarter of 2025 — a sharp recovery from its $295 million loss in Q1. The turnaround was primarily driven by gains in digital asset holdings and strong results from its Global Markets division.
CEO Mike Novogratz called it the company’s best month yet, reinforcing a highly optimistic outlook for the remainder of the year.
Bitcoin Leads Growth as Holdings Rise to $1.95 Billion
Galaxy significantly expanded its Bitcoin position during Q2, increasing its holdings from 13,704 BTC in Q1 to 17,102 BTC, now valued at approximately $1.95 billion. The rise in BTC holdings and market value played a central role in the firm’s treasury profits, which reached $228 million for the quarter.
Alongside Bitcoin, Galaxy’s total digital asset portfolio — including Ethereum (ETH), Solana (SOL), XRP, and USDC — climbed to $3.56 billion.
Strong Market Division Performance Despite Lower Trading Volume
Even though overall trading volume dropped 22%, Galaxy’s Global Markets unit delivered a 28% increase in profit. This performance highlights the company’s ability to outperform the broader market by capitalizing on volatility and demand for structured crypto solutions.
The company also reported adjusted EBITDA of $211 million, showcasing improved operational efficiency and strategic execution.
Major BTC Sale and Helios Expansion Signal Growth Ambitions
In a notable transaction, Galaxy executed one of the largest Bitcoin sales ever recorded — offloading more than 80,000 BTC on behalf of a client. This milestone further cements the firm’s role as a trusted institutional partner in large-scale crypto operations.
At the infrastructure level, Galaxy expanded its Helios data center campus, which now boasts a 3.5 gigawatt potential capacity. Novogratz described Helios as a future top-five global data center, positioning the company at the intersection of digital asset infrastructure and high-performance computing.
