{"id":40546,"date":"2025-08-05T14:32:10","date_gmt":"2025-08-05T14:32:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40546"},"modified":"2025-08-05T14:32:10","modified_gmt":"2025-08-05T14:32:10","slug":"galaxy-digital-slips-8-post-earnings-as-investors-take-profits-following-big-run-higher","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40546","title":{"rendered":"Galaxy Digital Slips 8% Post-Earnings as Investors Take Profits Following Big Run Higher"},"content":{"rendered":"<div>\n<p>A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning.<\/p>\n<p>Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage KBW. The firm\u2019s average loan book grew to $1.1 billion versus peer Coinbase\u2019s (COIN) hitting $879 million.<\/p>\n<p>Assets on Galaxy\u2019s platform rose 27% to $8.9 billion, though adjusted gross profit in asset management fell 26% due to lower on-chain activity. <\/p>\n<p>As expected, CoreWeave also exercised its final option to access an additional 133MW of compute at Helios, bringing the site\u2019s total committed capacity to 800MW, the report said.<\/p>\n<p>Galaxy separately agreed to acquire 160 acres of adjacent land, including a 1GW interconnection request, potentially expanding Helios\u2019 capacity to 3.5GW.<\/p>\n<p>The firm ended the quarter with $2.5 billion in total liquidity, including $1.1 billion in cash and stablecoins, and $1.3 billion in net digital assets. Corporate debt stood at $1.1 billion.<\/p>\n<p>The company&#8217;s digital asset holdings as of June 30 include 17,102 bitcoin valued at $1.8 billion versus 13,704 bitcoin valued at $1.3 billion six months earlier.<\/p>\n<p>The third quarter is off to a strong start, said KBW, with record activity in July as Galaxy helped facilitate the sale of over 80,000 bitcoin and secured the final tranche of AI\/HPC compute capacity at its Helios data center through a deal with CoreWeave (CRWV).<\/p>\n<p>Shares are lower by 8% Tuesday alongside a selloff in crypto prices, with bitcoin shedding more than 1% to $113,000. The stock remains higher by 13% since listing on Nasdaq in May.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/23\/galaxy-positioned-to-capture-favorable-regulatory-upside-jefferies-says-as-it-initiates-with-buy\">Galaxy Positioned to Capture Favorable Regulatory Upside, Jefferies Says as It Initiates With Buy<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning. Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40546","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40546"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40546\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}