Galaxy Digital Holdings posted a net loss of $295 million for the first quarter of 2025, with losses per share at $0.86. Despite this disappointing report, the company saw a significant revenue increase, generating $12.9 billion, up nearly 40% from the previous quarter. The downturn occurred amid a cryptocurrency market lull, with Galaxy's prior year-quarter loss being $388 million. The company announced plans to list on Nasdaq on May 16 following a reorganization approved by the U.S. Securities and Exchange Commission. Its recent financial struggles are attributed to a market shift as investors leaned towards safer assets amidst geopolitical tensions. By March 2025, crypto prices had dipped, but they are rumored to have since rebounded, with Bitcoin trading around $104,200. Galaxy Digital reported holding $1.9 billion in equity and $1.07 billion in cash and stablecoins as of March 31.

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