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Galaxy Digital has bounced back into profitability, posting $30.7 million in net income for Q2 2025, reversing a steep $295 million loss from the prior quarter. The turnaround was driven by gains in its balance sheet assets and strong performance from its global markets division. Adjusted EBITDA soared to $211 million, fueled by $228 million in profit from treasury operations.
Bitcoin led the growth, with Galaxy’s holdings rising to 17,102 BTC, now valued at $1.95 billion—up from 13,704 BTC in Q1. Total digital assets, including Ether, USDC, Solana, and XRP, reached $3.56 billion. Despite a 22% drop in trading volume, the Global Markets unit saw a 28% increase in profit, highlighting the company’s outperformance of broader market trends.
Operationally, Galaxy completed one of the largest BTC sales ever—over 80,000 BTC for a client—and expanded its Helios data center campus. With a 3.5 GW potential capacity, CEO Mike Novogratz called it a future top-five global data center. He added, “July was the best month we’ve had. I couldn’t be more bullish.”
