Galaxy Digital (GLXY) Company Report

Galaxy Digital has acquired Alluvial Finance, the former development company behind Liquid Collective, making Galaxy the new Development Company for the enterprise-grade liquid staking protocol.
This acquisition expands Galaxy's institutional staking infrastructure and gives the company full responsibility for developing and maintaining the Liquid Collective protocol.
Liquid Collective has significantly grown its assets on platform to approximately $1 billion in 2025.
As of September 30, 2025, Galaxy operates a staking platform with approximately $6.6 billion in assets under stake.

20 hours ago

Press Release

Galaxy Digital Inc. Announces Q3 2025 Financial Results

GLXY

Earnings

Revenue Acceleration/Inflection

Galaxy Digital Inc. reported revenues and gains from operations of $29,218,853 thousand for the three months ended September 30, 2025.
The company posted a net income of $505,057 thousand for Q3 2025, a substantial increase from $30,691 thousand in Q2 2025.
Basic Earnings Per Share (EPS) for Q3 2025 was $1.19, significantly up from $0.10 in Q2 2025.
Adjusted EBITDA reached $629,352 thousand in Q3 2025, compared to $211,227 thousand in the previous quarter.

Nov 10, 2025, 10:14 PM

8-K

Galaxy Digital Prices Upsized $1.15 Billion Exchangeable Senior Notes Offering

GLXY

Debt Issuance

New Projects/Investments

On October 28, 2025, Galaxy Digital Holdings LP (the Issuer) priced an upsized offering of $1.15 billion aggregate principal amount of its 0.50% exchangeable senior notes due 2031.
The offering size was increased from the previously announced $1.0 billion, with an option for initial purchasers to buy an additional $150.0 million.
The sale settled on October 30, 2025, resulting in a total issuance of $1.3 billion aggregate principal amount of notes, including the full exercise of the additional purchase option.
The estimated net proceeds are $1,127.0 million (or $1,274.0 million if the option was fully exercised), intended for growth across core operating businesses and general corporate purposes, potentially including the repayment of existing notes due 2026.
The notes have an initial exchange price of approximately $55.76 per share, which represents a 37.5% premium over the common stock's last reported sale price of $40.55 on October 27, 2025.

Oct 30, 2025, 8:20 PM

8-K

Galaxy Digital Integrates with Coinbase Prime

GLXY

New Projects/Investments

Product Launch

Galaxy Digital announced its integration with Coinbase Prime, allowing Coinbase Prime clients to access Galaxy's high-performance staking infrastructure.
This collaboration positions Galaxy and Coinbase Prime as a custodial, staking, and liquidity solution for ETFs and ETPs.
As of September 30, 2025, Galaxy manages approximately $6.6 billion in assets under stake.
This integration with Coinbase is Galaxy's fourth custodial integration in 2025, following collaborations with Fireblocks, Zodia Custody, and BitGo earlier in the year.

Oct 29, 2025, 11:00 AM

Press Release

Galaxy Digital Prices Upsized Exchangeable Senior Notes Offering

GLXY

Debt Issuance

New Projects/Investments

Convertible Preferred Issuance

Galaxy Digital Holdings LP priced an offering of $1.15 billion aggregate principal amount of its 0.50% exchangeable senior notes due 2031, which was an increase from the previously announced $1.0 billion offering size.
The estimated net proceeds of $1,127.0 million (or $1,274.0 million if the initial purchasers fully exercise their option) are intended to support growth across Galaxy's core operating businesses and for general corporate purposes, potentially including the repayment of existing exchangeable senior notes due 2026.
The notes will mature on May 1, 2031, and will accrue interest at a rate of 0.50% per annum, payable semi-annually beginning May 1, 2026.
The initial exchange price is approximately $55.76 per share of common stock, which represents a 37.5% premium above the last reported sale price of $40.55 per share on October 27, 2025.
The sale of the notes is scheduled to settle on October 30, 2025, subject to customary closing conditions.

Oct 28, 2025, 11:00 AM

Press Release

Galaxy Digital Announces Private Offering of Exchangeable Senior Notes

GLXY

Debt Issuance

New Projects/Investments

Galaxy Digital Holdings LP intends to offer $1.0 billion aggregate principal amount of exchangeable senior notes due 2031 in a private offering.
The initial purchasers will have an option to purchase up to an additional $150.0 million aggregate principal amount of notes.
The net proceeds are intended to support growth across core operating businesses and for general corporate purposes, which may include the repayment of existing exchangeable senior notes due 2026.
The notes will not be redeemable prior to November 6, 2028, and the offering is subject to market conditions and Toronto Stock Exchange (TSX) approval.

Oct 27, 2025, 8:03 PM

Press Release

Galaxy Announces Q3 2025 Earnings and Helios Data Center Financing

GLXY

Earnings

New Projects/Investments

Product Launch

For Q3 2025, Galaxy reported a Net Income of $505 million, Adjusted Gross Profit of $728 million, and Adjusted EBITDA of $629 million.
Galaxy secured $1.4 billion in project financing for Phase I of its Helios Data Center Campus, which has 133 MW of contracted critical IT load with an expected delivery date in 1H 2026. CoreWeave has committed to a total of 526 MW of critical IT capacity for 15 years, anticipating over $1 billion in average annual revenue for the combined three phases.
The company launched GalaxyOne, a unified digital experience providing products such as Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage to U.S. individual investors.
As of Q3 2025, Galaxy's balance sheet net digital asset and investment exposure includes $546 million in Bitcoin, $258 million in Ether, $251 million in Solana, and $646 million in Venture & Fund Investments.

Oct 21, 2025, 12:30 PM

Presentation

Galaxy Digital Reports Record Q3 2025 Performance

GLXY

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Galaxy Digital achieved its best quarter in history in Q3 2025, reporting GAAP net income of $505 million and record adjusted gross profit of $728 million.
Assets on platform reached a record $17 billion, with total assets under management and assets under stake nearly doubling to $15 billion from the previous quarter. The lending book also expanded to $1.8 billion.
The digital asset segment recorded an adjusted gross profit of $318 million, fueled by record crypto trading volumes, up 140% from Q2, which included a $9 billion Bitcoin sale for a client.
Progress on the Helios data center campus included CoreWeave committing to the full 800 megawatts and the securing of a $1.4 billion project-level loan, with $430 million drawn by the end of Q3 2025.
The company launched Galaxy One, a new direct-to-consumer platform, and received a $460 million strategic investment from a global asset manager, with $325 million in net proceeds supporting the Helios data center build-out.

Oct 21, 2025, 12:30 PM

Transcript

Galaxy Digital Announces Q3 2025 Financial Results

GLXY

Earnings

New Projects/Investments

Product Launch

Galaxy Digital reported a net income of $505 million, diluted EPS of $1.01, and adjusted EPS of $1.12 for the third quarter of 2025. The company's Adjusted EBITDA was $629 million for the same period.
As of September 30, 2025, Galaxy Digital's total equity reached $3.2 billion, and it held $1.9 billion in cash and stablecoins.
The company achieved record quarterly digital asset trading volumes, increasing 140% versus Q2 2025, and its total assets on platform reached an all-time high of approximately $17 billion at quarter end.
Galaxy secured a $1.4 billion project financing facility for Phase I of the Helios data center development and announced a $460 million equity investment by one of the world's largest asset managers.
On October 6, 2025, Galaxy launched GalaxyOne, a financial technology platform providing U.S.-based individual investors access to high-yield cash, cryptocurrencies, and equities trading.

Oct 21, 2025, 11:46 AM

Press Release

Galaxy Digital Inc. Announces Strong Q3 2025 Financial Results and Strategic Developments

GLXY

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Galaxy Digital Inc. reported a net income of $505 million and diluted EPS of $1.01 for Q3 2025.
Adjusted EBITDA reached $629 million in Q3 2025, driven by record results in the Digital Assets operating business.
Digital asset trading volumes increased 140% versus Q2 2025, contributing to total assets on platform reaching an all-time high of approximately $17 billion.
The company secured $1.4 billion in project financing for the Helios data center and received a $460 million equity investment, with $325 million net proceeds.

Oct 21, 2025, 11:25 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Galaxy Digital.

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