Galaxy Digital Faces $295M Q1 Loss

Galaxy Digital Reports $295 Million Q1 Loss Amid Crypto Market Lull

• Galaxy Digital Holdings reported a net loss of $295 million for the first quarter.
• The company experienced a loss per share of $0.86.
• Revenue increased to $12.9 billion, up nearly 40% from the previous quarter.
• The company had $1.9 billion in equity capital and $1.07 billion in cash and net stablecoins as of March 31.
• Galaxy shares will begin trading on Nasdaq on May 16.

Despite posting a net loss of $295 million, Galaxy Digital Holdings saw its revenue rise to $12.9 billion, marking a significant increase from the last quarter of 2024.