Bitcoin News Today: Galaxy Digital turns profitable in Q2 on BTC gains and strong markets division performance

Galaxy Digital returned to profitability in the second quarter of 2025, reporting a net income of $30.7 million, a dramatic turnaround from the $295 million loss it recorded in the previous quarter [1]. The firm attributed its recovery to gains in balance sheet holdings and strong performance from its Global Markets division. By the end of Q2, Galaxy’s Bitcoin (BTC) holdings had risen to 17,102 BTC, valued at $1.95 billion. This marked an increase of 4,272 BTC from the 13,704 BTC held at the end of Q1 [1].

The company’s total digital assets, including BTC, Ether (ETH), USDC, Solana (SOL), and XRP, reached $3.56 billion in carrying value. Bitcoin remained the largest component of these holdings, representing more than half of the firm’s fair value-measured digital assets [1]. Galaxy’s Treasury and Corporate segment was a key contributor to the profit, generating a $228 million adjusted gross profit, which helped support an EBITDA of $211 million [1].

Digital Assets business performance showed steady growth, with adjusted gross profit reaching $71.4 million, a 10% increase from the previous quarter. However, adjusted EBITDA for this segment remained flat at $13 million as expenses increased [1]. The Global Markets division outperformed expectations, achieving a 28% quarter-over-quarter increase in adjusted gross profit to $55.4 million, despite a 22% decline in trading volume. The average loan book also expanded to $1.1 billion, driven by strong demand for margin lending [1].

The Asset Management & Infrastructure Solutions segment posted a 26% decline in profit, attributed to slower on-chain activity and reduced staking rewards. Nevertheless, assets under management and stake grew by 27% to $9 billion, supported by higher crypto prices and fresh inflows [1].

On the operational front, Galaxy completed one of the largest BTC sales to date, executing a transaction of over 80,000 BTC on behalf of a client [1]. The firm also continued to scale its Helios data center campus, with CoreWeave committing to the full 800 megawatts of approved capacity. Galaxy has also secured an additional 160 acres and a 1 gigawatt interconnection request, setting the stage for up to 3.5 gigawatts of power capacity [1].

Galaxy Digital listed on Nasdaq under the ticker GLXY in May 2025, following its corporate reorganization [1]. The firm’s second-quarter results highlight its resilience in a volatile market and underscore its strategic focus on expanding infrastructure and capitalizing on Bitcoin’s appreciating value.

Source: [1] Galaxy Digital posts $31M profit as BTC holdings climb to 17,102 in Q2 (https://cointelegraph.com/news/galaxy-digital-q2-2025-profit-bitcoin-holdings-rise)