Galaxy Digital Sees AUM Improve 3.7% In February

After two straight months of declines, it appears that Galaxy Digital Holdings (TSX: GLXY) has managed to stop the bleeding from its current assets under management, if only barely. The firm last night provided its monthly update to its AUM figures, indicating that it has finally seen positive movement in its assets held.

Assets under management as of February 28 hit $2,410.1 million for the company, a 3.7% increase over January’s figure of $2,324.3 million. The increase follows an 18.9% decline in assets managed during the month of January, which followed a 17.2% decline exhibited in December.

The firms assets managed currently sit 30.6% off the high of $3,471.0 million managed by the company at the end of November.

The 3.7% increase seen during the month of February follows the price of bitcoin rallying 12.18% during the month, after having began the month at $38,483 and then closing it out at $43,178. Much of the price appreciation is believed to have been driven by Russian actions with Ukraine.

Data on current assets under management is said to be preliminary in nature.

Galaxy Digital Holdings last traded at $17.22 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

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...

Tuesday, June 7, 2022, 07:59:58 AM

Former Galaxy Digital Partner Apologizes for Gambling Away Investor Funds: “I Really F*cked Up”

Richard Kim, a former general partner at Galaxy Digital (TSX: GLXY), a prominent cryptocurrency firm...

Tuesday, July 16, 2024, 04:02:00 PM

Galaxy Digital Sees Assets Under Management Fall Nearly 19% In January

Galaxy Digital (TSX: GLXY) continues to struggle when it comes to its assets under management....

Friday, February 4, 2022, 07:45:06 AM

Galaxy Digital Launches Fund Tied To Bloomberg Galaxy Solana Index

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced today the launch of Galaxy Solana Funds. The...

Wednesday, December 15, 2021, 11:57:00 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