Galaxy Digital Reports $31M Profit in Q2 as Bitcoin Holdings Rise to 17,102

2025-08-06

Galaxy Digital has returned to profitability in Q2 2025, reporting a net income of $30.7 million, marking a significant rebound from its $295 million loss in Q1.

This comeback reflects the company’s aggressive expansion in digital asset holdings, especially Bitcoin, as well as improved operational efficiencies across multiple business segments.

The crypto investment giant’s financial supplement shows that Galaxy added 4,272 BTC in the quarter, growing its total Bitcoin stash to 17,102 BTC, now worth approximately $1.95 billion at current prices.

Key Takeaways

Galaxy Digital posted $30.7M net profit in Q2, reversing a massive loss in Q1
Bitcoin holdings rose to 17,102 BTC, a 31% increase over Q1
Digital assets reached $3.56 billion in value, led by BTC, ETH, SOL, USDC, and XRP
Adjusted EBITDA hit $211 million, fueled by $228 million treasury profit
Galaxy’s Global Markets unit grew profits 28% QoQ despite lower trading volume
The firm’s Helios data center is expanding toward 3.5 GW in capacity

Bitcoin Holdings Power Recovery

Galaxy’s performance rebound was largely driven by its Bitcoin strategy. The company acquired more than 4,200 BTC in Q2, expanding its position from 13,704 BTC in Q1 to 17,102 BTC.

At a spot price of $114,237, this makes Bitcoin Galaxy's largest asset class, comprising more than half of the firm’s $3.56 billion in digital holdings.

This sharp increase in BTC accumulation helped Galaxy capitalize on price appreciation throughout the quarter, even as the broader crypto market experienced bouts of volatility.

Treasury and Corporate Division Outperforms

Galaxy’s adjusted gross profit from its treasury and corporate segment came in at $228 million, making up the lion’s share of the company’s $211 million EBITDA.

The company's crypto asset management strategy benefited not just from BTC gains but also holdings in ETH, USDC, XRP, and SOL, positioning Galaxy as a diversified long-term crypto player.

In a statement, CEO Mike Novogratz emphasized confidence in the firm's approach:

“July was, by all accounts, the best month we had at Galaxy. All our businesses are starting to fire on all cylinders.”

Global Markets Delivers Despite Volume Dip

Galaxy’s Global Markets division generated $55.4 million in adjusted gross profit, a 28% increase quarter-over-quarter.

This is particularly impressive given that trading volumes fell 22%, suggesting improved execution and better risk management.

The average loan book expanded to $1.1 billion, driven by a rise in demand for margin lending, signaling an uptick in institutional appetite.

Digital Assets Business Grows, But Costs Rise

Galaxy’s digital assets unit posted $71.4 million in adjusted gross profit, up 10% from Q1.

However, EBITDA remained flat at $13 million due to rising operating costs. Still, the unit’s growth trajectory remains healthy, supported by growing digital exposure and user demand.

Infrastructure: Helios Expansion Signals Long-Term Vision

Galaxy is also expanding its physical infrastructure. Its Helios data center campus is scaling aggressively, with CoreWeave committing to the full 800 MW capacity.

Additionally, Galaxy secured another 160 acres and a 1 GW interconnection request, preparing for up to 3.5 GW of total power at Helios.

If realized, this would make Helios one of the top five data centers globally, a massive step forward in Galaxy's ambition to dominate crypto infrastructure and Web3 hosting.

“If we get that built out, Helios will be a top five datacenter in the world,” Novogratz stated.

Galaxy’s Nasdaq Presence Grows

Galaxy began trading on Nasdaq under the ticker GLXY in May 2025, following a corporate reorganization that made the firm more appealing to US institutional investors.

Its Q2 profit marks a strong start for its public market journey, likely enhancing its credibility in both traditional and crypto-native circles.

Final Thoughts

Galaxy Digital’s Q2 2025 results reflect a comeback story powered by Bitcoin, smart treasury management, and strategic infrastructure investment. With over 17,000 BTC on the books, surging EBITDA, and an expanding market footprint, the firm is not only weathering market cycles but actively shaping them.

Its diversified business lines, spanning trading, asset management, lending, and Web3 infrastructure, make it a bellwether for how institutional-grade crypto companies can thrive in both bull and bear conditions.

Looking forward, Galaxy’s trajectory suggests continued Bitcoin accumulation, deeper institutional partnerships, and significant long-term plays in AI, infrastructure, and crypto-backed finance.

FAQ

How much profit did Galaxy Digital make in Q2 2025?

Galaxy Digital posted a net income of $30.7 million in Q2 2025, reversing a $295 million loss in the previous quarter.

How much Bitcoin does Galaxy Digital hold?

Galaxy currently holds 17,102 BTC, up from 13,704 BTC in Q1. The total value of its BTC holdings is approximately $1.95 billion.

What is Galaxy’s total crypto asset value?

Galaxy’s digital asset portfolio, including BTC, ETH, USDC, SOL, and XRP, is valued at $3.56 billion.

What drove Galaxy’s Q2 profitability?

The turnaround was fueled by gains in Bitcoin and crypto holdings, a $228M gross profit from its treasury segment, and strong performance in its Global Markets division.

What is Helios, and why is it important?

Helios is Galaxy’s large-scale data center campus. It is expanding to up to 3.5 GW of capacity and is poised to be one of the top five data centers in the world, supporting blockchain and AI workloads.