Strategy, Trump Media Helped Absorb Galaxy's $9 Billion Bitcoin Sale: Novogratz

Strategy, Trump Media Helped Absorb Galaxy's $9 Billion Bitcoin Sale: Novogratz

Galaxy recently sold 80,000 Bitcoin on behalf of a Satoshi-era investor. The company's Q2 earnings fell short of expectations.

Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure

Galaxy Digital's strategic asset reallocation highlights a shift towards Bitcoin dominance, potentially influencing market dynamics and investor sentiment. The post Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure appeared first on Crypto Briefing.

Galaxy earns $30.7m in Q2 as Bitcoin holdings, AI strategy expand

Galaxy Digital is once again profitable, thanks to the appreciation of is crypto holdings and investments.

Galaxy Digital Loads Up on Bitcoin as Q2 Profits Hit $30.7M - Blockonomi

TLDR: Galaxy adds 4,272 BTC in Q2, lifting total holdings to 17,102 BTC by June 30. Q2 profit hits $30.7M after a $295M loss in Q1, with $1.2B in cash reserves. Helios data center expands to 800 MW, with plans to reach 3.5 GW on 1,500 acres. Asset platform AUM rises 27% to $8.9B, even as asset management profits slip. Galaxy Digital is back in the green. The firm added thousands of bitcoins to its balance sheet, doubled down on cash reserves, a…