Galaxy Digital Reports $482 Million Loss, Shares Drop 6%

Despite a substantial loss in Q4, Galaxy Digital achieved $426 million in adjusted gross profit for the year, ending with $2.6 billion in liquidity.

Galaxy Digital experienced a 6% decrease in its share price following the announcement of a staggering $482 million loss for the fourth quarter. The company's performance, however, was not entirely bleak, as it recorded an impressive adjusted gross profit of $426 million for the entire fiscal year.

In addition to the profit figures, Galaxy Digital concluded the year with a robust financial position, holding $2.6 billion in cash and stablecoins. This liquidity positions the firm well, providing a buffer against market volatility and ensuring the capability for future investments and strategic initiatives.