After a challenging start to the year, Galaxy Digital has bounced back, reporting a net profit of $30.7 million for the second quarter of 2025. This marks a significant turnaround from the $295 million loss experienced in the preceding quarter.
The firm, specializing in digital assets and blockchain infrastructure, attributed its improved financial performance to strategic gains within its investment portfolio and exceptional results from its Global Markets division, as detailed in a recent statement.
By the close of the quarter, Galaxy’s Bitcoin reserves had increased to 17,102 coins (BTC), with an estimated value of $1.95 billion. This is a substantial increase compared to the 13,704 BTC held at the end of the first quarter, suggesting an acquisition of 4,272 BTC during Q2, according to a financial document released by the company.
Overall, the firm’s holdings of digital assets, which include Bitcoin, Ether (ETH), USDC (USDC), Solana (SOL), and XRP (XRP), were valued at $3.56 billion. Bitcoin continues to be the dominant asset, representing more than half of the company’s assets measured at fair value.
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Galaxy’s EBITDA Reaches $211 Million Driven by Investment Portfolio Gains
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) reached $211 million, supported by a robust $228 million adjusted gross profit derived from the Treasury and Corporate segment.
The Digital Assets division generated $71.4 million in adjusted gross profit, reflecting a 10% increase compared to the previous quarter. However, adjusted EBITDA remained stable at $13 million due to increased operational expenses.
The Global Markets sector of Galaxy stood out, demonstrating a significant 28% increase in adjusted gross profit compared to the prior quarter, reaching $55.4 million. This achievement occurred despite a 22% decrease in overall trading volume, highlighting the company’s ability to outperform market trends. The average loan portfolio expanded to $1.1 billion, spurred by heightened demand for margin lending services.
The Asset Management & Infrastructure Solutions area saw a decrease in profit of 26%, reflecting a slowdown in on-chain activity and decreased staking rewards. However, total assets under management and stake grew by 27% to $9 billion, fueled by rising cryptocurrency values and new investments.
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Key Operational Achievements for Galaxy
Beyond the financial highlights, Galaxy achieved significant operational milestones during the period. Notably, the firm facilitated the sale of over 80,000 BTC on behalf of a client, representing one of the largest transactions of its kind.
Furthermore, the Helios data center facility is expanding, with CoreWeave committing to utilize the full 800 megawatts of approved power capacity. Galaxy also acquired an additional 160 acres of land and submitted a request for a 1-gigawatt interconnection, paving the way for up to 3.5 GW of total power capacity at the Helios site.
Galaxy’s shares were listed on the Nasdaq under the ticker symbol GLXY in May, following a corporate restructuring.
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