Sunday, June 1, 2025

Latest

Galaxy Digital Sees Assets Under Management Nearly Fall Below $2.0 Billion In May

Softness within the cryptocurrency market continues to hit Galaxy Digital Holdings (TSX: GLXY). The firm last night released its latest data on its assets under management, indicating that it may be able to hit a rather significant – but negative – milestone.

Total assets under management in the month of May fell to $2.016 billion, as the firm flirts with the prospect of falling under the $2.0 billion mark amid a decline in the crypto markets. The figure represents a decline of 17.9% on a month over month basis, falling from $2.457 billion at the end of April.

The AUM print is the lowest since July 2021, when the company last posted a sub-$2.0 billion figure.

Even more notably, the decline represents a tumble larger than that of bitcoin, which is effectively a barometer for the industry. Bitcoin declined 15.6% during the month of May, pointing to the problem likely being that of altcoins for Galaxy.

AUM figures are said to be presented on a preliminary basis.

Galaxy Digital Holdings last traded at $7.47 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.

Leave a Reply

Video Articles

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

Galaxy Digital Posts US$849.7 Million Net Income For Q1 2021

Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q1 2021 financial results, which saw...

Monday, May 17, 2021, 09:01:49 AM

Galaxy Digital Sees Assets Under Management Jump 23.5% In July

Galaxy Digital (TSX: GLXY) has seen a strong rebound in total assets under management. The...

Monday, August 8, 2022, 09:21:10 AM

Galaxy Digital Posts $1.71 Billion Net Income For 2021, Still Awaits SEC On Nasdaq Listing

Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q4 and full-year 2021 financial results,...

Thursday, March 31, 2022, 12:46:00 PM

Galaxy Digital Sees AUM Drop At Least 15% During Month Of June

Galaxy Digital (TSX: GLXY) appears to be weathering the current downturn in the crypto markets...

Friday, July 8, 2022, 08:12:09 AM

Bitfarms Forced To Sell Additional Bitcoin Due To Crypto-Backed Credit Facility

It appears our analysis last week on Bitfarms Ltd (TSX: BITF) was close to being...

Tuesday, June 21, 2022, 08:48:17 AM