"Galaxy Digital reported a net loss of $216 million for the three months ended March 31, compared to a $482 million loss in the prior quarter, indicating a relative improvement despite ongoing market challenges."
"The total assets of Galaxy Digital fell 12% quarter-on-quarter to just under $10 billion, while equity declined to $2.8 billion, highlighting the impact of market volatility on the firm's financial health."
"Despite the losses, Galaxy Digital maintained a strong liquidity position, holding $2.6 billion in cash and stablecoins, which positions the firm to navigate through the current market downturn."
Galaxy Digital experienced a $216 million loss in the first quarter of 2026, attributed to a 20% decline in the overall crypto market. The company's total assets decreased by 12% to nearly $10 billion, reflecting the volatility in the crypto sector. Despite the losses, Galaxy Digital's liquidity remains strong with $2.6 billion in cash and stablecoins. The firm is focusing on its Helios data center project to generate new revenue streams, while its core digital assets business showed resilience with an adjusted gross profit of $49 million.
Read at news.bitcoin.com
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