In a significant move for the cryptocurrency landscape, Galaxy Digital has unveiled its Q2 2025 financial outcomes, showcasing a commendable rise in Bitcoin (BTC) holdings by an impressive 4,272 BTC. Concurrently, the company has made strategic reductions in its Ethereum (ETH) assets, reflecting a deliberate shift in its investment approach.
Galaxy Digital Expands Bitcoin Assets, Reduces Ethereum Exposure
The latest report for Q2 2025 reveals that Galaxy Digital achieved a net income of $30.7 million, highlighting robust performance across its major business units. A notable event this quarter was the firm’s arrival on Nasdaq, with its shares trading under the ticker GLXY since March 16.
Currently, Galaxy’s total digital asset holdings are valued at an estimated $1.2 billion, signifying a substantial 40% increase from Q1 2025. This remarkable growth can be attributed to the dramatic rise in Bitcoin’s market price over the preceding three months.
To illustrate, Bitcoin’s price was around $70,500 as of March 31, which subsequently skyrocketed to $108,700 by June 30, representing over a 50% increase within that quarter.
The figures below detail that by the end of June, Galaxy Digital held a total of 17,102 BTC, a rise from 12,830 BTC recorded at the close of Q1. Despite this notable accumulation, the firm has concurrently slashed its holdings in ETH and XRP, hinting at a more cautious stance toward alternative cryptocurrencies.
Specifically, Galaxy’s ETH portfolio saw a decline from 155,026 ETH on March 31 to 90,521 ETH by the end of June. The firm also maintains a diverse digital asset portfolio that includes prominent altcoins like Solana (SOL), Hype (HYP), SUI, along with stablecoins such as USDC from Circle.
Furthermore, the organization reported an impressive increase in its assets under management (AUM), rising to $8.9 billion—a remarkable 27% quarter-over-quarter growth. Assets under stake also saw a rise to $3.1 billion, reflecting a 34% increase. Looking ahead, the company is optimistic about continued performance into Q3, voicing:
July marked the strongest monthly financial performance for our Digital Assets operating business in the firm’s history, achieving record outcomes in Global Markets while advancing steadily in Asset Management and Infrastructure Solutions.
Could Galaxy Digital Revise Its Cryptocurrency Strategy?
As Galaxy Digital boosts its Bitcoin holdings while simultaneously reducing its Ethereum exposure, recent trends indicate that the firm might reevaluate its portfolio based on market dynamics and capital behavior.
Just last week, an ancient wallet linked to Galaxy Digital executed a substantial sale, offloading 22,700 BTC. This action affected market sentiment, driving Bitcoin’s net realized profit down to $1.4 billion.
In related news, CEO Mike Novogratz expressed his belief that Ethereum could soon outpace Bitcoin in performance, attributing this to the ongoing development and expansion within the ETH ecosystem. At the time of writing, Bitcoin is priced at $113,230, reflecting a minor downturn of 1.6% in the preceding 24 hours.
