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Galaxy Digital reports $482m loss as Bitcoin price takes a beating
Yahoo Finance· 2026-02-04 05:34
Galaxy Digital posted a near half-billion net loss for 2025 as falling crypto prices hammered the company’s digital asset holdings. The New York-based firm reported a $241 million net loss for the fourth quarter alone, when Bitcoin fell nearly 25%. For the full year, Galaxy’s losses reached $482 million. “If you had told me a year ago, with gold at the highs and NASDAQ at the highs, and a very friendly administration, that we would be lower, I’d have said no way,” CEO Mike Novogratz said on the company’ ...