Galaxy Digital Reports $482M Q4 Loss, Shares Drop Over 6%

In pre-market trading, Galaxy Digital's shares fell more than 6% following a substantial Q4 loss of $482 million. The firm closed the year with $426 million in adjusted gross profit.

Galaxy Digital's shares experienced a decline of over 6% in pre-market trading after the company reported a notable loss of $482 million for the fourth quarter. Despite this setback, the firm posted an adjusted gross profit of $426 million for the entire fiscal year.

At the year's conclusion, Galaxy Digital held a robust financial position with a total of $2.6 billion in cash and stablecoins. This significant liquidity indicates the firm’s ability to navigate the volatile crypto market, even amid substantial quarterly losses.