Galaxy Digital, a big player in the digital asset world, just announced its Q2 2025 results, and it’s a mixed bag. They massively increased their Bitcoin holdings while cutting back on other cryptos like Ethereum.
Bitcoin Boom, Ethereum Bust?
The company added a whopping 4,272 Bitcoins to its stash during the second quarter, bringing its total BTC holdings to 17,102. This is a significant jump from the 12,830 BTC they held at the end of Q1. This move is largely due to Bitcoin’s price surge – it went from around $70,500 in March to over $108,700 by June, a massive 50% increase!
However, this Bitcoin buying spree came with a decrease in their Ethereum and XRP holdings. Their Ethereum stash dropped from 155,026 ETH to 90,521 ETH. They still hold other cryptos like Solana, Hype, and SUI, along with stablecoins.
Strong Financials Overall
Despite the portfolio shifts, Galaxy Digital had a great quarter financially. They reported a net income of $30.7 million and even got listed on Nasdaq (ticker: GLXY) in March. Their total digital asset holdings are now worth around $1.2 billion – a 40% increase from Q1. Their Assets Under Management (AUM) also soared to $8.9 billion (up 27%), and Assets Under Stake hit $3.1 billion (up 34%). They’re even predicting a strong Q3.
A Shifting Strategy?
While Galaxy Digital’s Q2 moves show a clear preference for Bitcoin, things might not stay that way. They recently sold off a huge chunk of Bitcoin (22,700 BTC) from an old wallet, which caused a dip in Bitcoin’s price. Adding to the uncertainty, their CEO, Mike Novogratz, recently predicted that Ethereum might outperform Bitcoin soon. So, it seems like Galaxy Digital’s crypto strategy is still evolving. The price of Bitcoin is currently around $113,230.
