Galaxy Digital Reports $3.42 Billion Assets Under Management

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced today preliminary details related to its affiliate, Galaxy Digital Asset Management. The report showed assets under management of $3.42 billion as of November 30, 2021.

The figure compares to its end of October value at $3.15 billion and end of November 2020 value at $572.7 million.

The digital asset management business is composed of funds Galaxy Fund Management, Vision Hill Group, and Galaxy Interactive. The latter was reported in October to have raised $325 million of committed capital, raising its assets under management to $650 million.

The company also recently reported its Q3 2021 financials, posting a net comprehensive income of $517 million.

Galaxy Digital Holdings Ltd. last traded at $28.16 on the TSX.

Information for this briefing was found via Sedar and Galaxy Digital. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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