Bitcoin News Today: Galaxy Digital Boosts Bitcoin Holdings 25.8% to 17,102 BTC in Q2 2025

Galaxy Digital significantly expanded its Bitcoin exposure in Q2 2025, acquiring an additional 4,272 BTC, which increased its total holdings to 17,102 BTC as of June 30 [1]. The accumulation, valued at approximately $1.95 billion, underscores the firm’s strategic realignment toward Bitcoin as a core component of its financial portfolio [2]. This move coincided with a notable financial recovery for the company, which reported a net income of $30.7 million for the quarter, a stark turnaround from a $295 million loss in Q1 2025 [3].

The financial improvement was largely driven by gains from the appreciation of Bitcoin and other balance sheet assets [3]. Galaxy also reported adjusted EBITDA of $211 million for Q2 2025, and total equity rose to $2.6 billion, reflecting the company’s improved capital structure and performance [4]. The firm’s reallocation of assets included divesting positions in Ethereum and XRP, as revealed in its Q2 SEC filing [5]. This shift highlights a clear strategic pivot toward Bitcoin as the dominant asset within Galaxy’s treasury strategy [1].

Mike Novogratz, CEO of Galaxy Digital, has been instrumental in steering the firm’s focus on Bitcoin, emphasizing its role as a store of value and a key driver of portfolio growth [2]. The company’s Bitcoin-centric approach appears to be gaining traction within the broader institutional market, with analysts noting the potential for ripple effects across the crypto industry given Galaxy’s size and influence [5]. In a recent statement, Novogratz highlighted that “July was the company’s best month ever,” further reinforcing confidence in the firm’s direction [2].

The financial and strategic moves by Galaxy Digital position it as one of the top institutional holders of Bitcoin in the U.S., with industry analysts, including those at BTIG, raising their price targets for the firm’s stock due to Bitcoin’s performance in Q1 and its ongoing impact on Q2 results [6]. Despite a recent dip in trading activity and a decline in stock price to $27.34 on August 6, 2025, analysts remain optimistic about the long-term potential of the firm as it continues to grow its Bitcoin reserves [6].

The shift in Galaxy’s asset allocation aligns with broader trends in institutional adoption of Bitcoin, particularly in response to macroeconomic uncertainties and the asset’s growing recognition as a digital store of value [1]. As the company continues to build its Bitcoin holdings, it is likely to remain a key player in shaping institutional sentiment and behavior within the digital asset market.

Sources:

[1] Galaxy Digital Expands Bitcoin Holdings by 4272 BTC in Q2, https://www.bitget.com/news/detail/12560604897878

[2] Galaxy Digital Bounces Back: From $295M Loss to $31M, https://coincentral.com/galaxy-digital-bounces-back-from-295m-loss-to-31m-profit-in-one-quarter/

[3] Galaxy Digital Q2: $30.7M Income, $2.6B Equity, Bitcoin, https://www.ccn.com/news/business/galaxy-digital-q2-revenue-equity-bitcoin-stash-grows/

[4] Galaxy Announces Second Quarter 2025 Financial Results, https://investor.galaxy.com/news/news-details/2025/Galaxy-Announces-Second-Quarter-2025-Financial-Results/default.aspx

[5] Galaxy Digital Dumps Ethereum, XRP For Bitcoin In Latest, https://www.mitrade.com/insights/news/live-news/article-3-1017155-20250806

[6] Galaxy Digital Drops to 473rd in Trading Activity as BTIG, https://www.ainvest.com/news/galaxy-digital-drops-473rd-trading-activity-btig-raises-price-target-35-bitcoin-driven-growth-2508/