Monday, October 6, 2025

Latest

Galaxy Digital Reports Quarter To Date Losses Of $300 Million

Despite reporting its first quarter results just days ago, the current rout in the crypto markets has led Galaxy Digital (TSX: GLXY) to release an update this morning. Specifically, the update pertains to its current capital and liquidity position.

Data provided this morning is said to be a “preliminary quarter-to-date company update,” which follows the total destruction of the Terra stablecoin and associated LUNA token over the last several days. The company begins the update by stating that its treasury does not use algorithmic stablecoins, and that the firm remains in a strong capital and liquidity position.

Speaking to liquidity, the company has indicated it has a cash position of $800 million, which is a decline from $848.2 million reported as of March 31. Net digital assets meanwhile presently sits at “over $800 million,” which compares to $910.5 million as of the end of the prior quarter, a roughly 12% decline in a matter of weeks. Total liquidity is said to be $1.6 billion.

Partners Capital as a result has fallen from $2.5 billion to $2.2 billion over the last several weeks since the end of the first quarter, a decline of 12%. The company highlights here that comparatively, the crypto market has declined 40% in the same time period.

Net comprehensive income on a quarter to date basis meanwhile is pegged at $300.0 million, versus a loss of $111.7 million in the first quarter.

The company maintains that its average collateralization levels remain “well-over 100%.”

Galaxy Digital last traded at $7.72 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Galaxy Digital To Buy Bitcoin Mining Facility From Argo Blockchain

Bitcoin miners might be losing money under current market conditions, but that’s not stopping Galaxy...

Wednesday, December 28, 2022, 07:38:06 AM

Galaxy Digital Sees Assets Under Management Decline 3.8% In September

Galaxy Digital (TSX: GLXY) appears to have hit a short term top in terms of...

Friday, October 7, 2022, 08:45:28 AM

Galaxy Digital Sees BMO Slash Price Target From $35 To $24

Galaxy Digital (TSX: GLXY) reported its first quarter financial results on Monday. The company said...

Thursday, May 12, 2022, 04:33:00 PM

Galaxy Digital Posts $517 Million Net Income For Q3 2021

Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q3 2021 financial results, which saw...

Monday, November 15, 2021, 11:52:00 AM

Galaxy Digital Wins GK8 Auction At A 60% Discount From Celsius Bankruptcy

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced Friday that it has won an auction to...

Monday, December 5, 2022, 11:14:00 AM