Galaxy Digital Stock Declines After Reporting $482 Million Loss

Galaxy Digital's stock price dropped as the firm revealed a significant $482 million loss in Q4, impacting its investment value by 22%.

Shares of Galaxy Digital experienced a notable decline following the announcement of a substantial $482 million loss in the fourth quarter. This downturn can be attributed to a 22% reduction in the valuation of its digital assets and investments.

The institutional cryptocurrency firm, known for its operations in the digital asset space, has faced challenges that have affected its overall financial performance. The recent figures indicate the volatility inherent in the crypto market and how it has impacted major players like Galaxy Digital.