Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, reversing the $295 million loss posted in Q1 2025.

The digital asset infrastructure firm cited gains in its balance sheet holdings and a strong performance from its Global Markets division as key drivers of the recovery, according to a press release dated Tuesday.

Galaxy’s Bitcoin holdings increased during the quarter, reaching 17,102 BTC (worth $1.95 billion). This represents an addition of 4,272 BTC since the end of Q1.

The company’s total digital asset portfolio, including BTC, ETH, USDC, SOL, and XRP, saw its carrying value rise to $3.56 billion. Bitcoin remains the largest single holding, accounting for over half of Galaxy’s fair value-measured assets.

Key Financial Performance Metrics

Adjusted EBITDA reached a robust $211 million, supported by a $228 million adjusted gross profit from its Treasury and Corporate segment.

Digital assets contributed $71.4 million in adjusted gross profit, a 10% increase from Q1 2025, despite adjusted EBITDA remaining flat in its Digital Assets business due to higher expenses.

The Global Markets unit delivered a significant performance, reporting a 28 percent quarter-over-quarter jump in adjusted gross profit to $55.4 million. Trading volume declined 22 percent, but the segment outperformed broader market trends, aided by an expanded average loan book reaching $1.1 billion. Assets under management and stake rose 27 percent overall to reach $9 billion.

In contrast, the Asset Management & Infrastructure Solutions segment saw a 26 percent decline in profit.

Operational Milestones

Beyond financial results, Galaxy announced operational advancements, including the completion of a large-scale sale of over 80,000 BTC on behalf of a client, described as one of the largest transactions to date.

The company is also expanding its Helios data center campus. CoreWeave has committed to the full 800 MW approved capacity for Helios Phase 1. Galaxy secured an additional 160 acres of land and filed a request for a 1 gigawatt interconnection, positioning the site for up to 3.5 GW of total power capacity.

Galaxy began trading on Nasdaq under the ticker symbol GLXY in May 2025, following its recent corporate reorganization.