Galaxy Digital Inc.
37.29-3.26 (-8.04%)
Oct 28, 4:00:02 PM EDT · NasdaqGS · GLXY · USD
Key Stats
Market Cap
14.72BP/E (TTM)
42.86Basic EPS (TTM)
0.87Dividend Yield
0%Recent Filings
8-K
Galaxy Q3 net income $505M
Galaxy Digital reported Q3 2025 net income of $505 million, up sharply from $30.7 million in Q2, fueled by record digital asset trading volumes that surged 140% and $295 million in Global Markets adjusted gross profit. Total assets hit $11.5 billion, with $1.9 billion in cash and stablecoins bolstering liquidity. Data Centers secured $1.4 billion financing for Helios Phase I, on track for 2026 delivery, yet revenue remains immaterial until then. GalaxyOne launched October 6, targeting retail investors with unified crypto and equities access.
8-K
$460M strategic investment announced
Galaxy Digital secured a $460 million private strategic investment from a leading asset manager on October 10, 2025, issuing 9,027,778 shares at $36 each while selling stockholders offloaded 3,750,000 shares. Proceeds will fund general corporate needs and the Helios data center buildout, targeting 133 MW capacity by mid-2026. This bolsters the balance sheet for digital assets and AI infrastructure growth. Closing hinges on customary conditions.
8-K
Galaxy tokenizes shares on Solana
Galaxy Digital Inc. partnered with Superstate Services LLC to tokenize its Class A common stock on the Solana blockchain, marking the first such instance for an SEC-registered public equity. Effective September 3, 2025, stockholders can convert shares via Superstate's Opening Bell platform, enabling on-chain holding and real-time ownership updates while preserving full legal rights. This bridges traditional equities with blockchain efficiency, yet regulatory hurdles loom for future DeFi integrations.
8-K
Galaxy secures $1.4B data center loan
Galaxy Digital's affiliate, Galaxy Helios I, secured a $1.4 billion senior secured term loan on August 15, 2025, to fund the development and construction of a data center in Dickens County, Texas, while covering related expenses and enabling a one-time dividend back to the parent. The three-year facility carries interest at Term SOFR (floored at 2.50%) plus a 4.75% margin, secured solely by the borrower's assets and equity, with Galaxy Digital providing limited guarantees. Covenants demand a 1.40 debt service coverage ratio post-stabilization and cap loan-to-cost at 80%. Construction delays could trigger defaults.
8-K
Galaxy names new CLO
Galaxy Digital appointed Matt Friedrich as Chief Legal Officer effective September 8, 2025, to lead global legal, compliance, and regulatory strategy amid shifting laws in digital assets and AI. Friedrich, with prior roles at Cognizant and Chevron plus federal prosecutor experience, succeeds Andrew Siegel, who departs around September 12 for a public policy position after building Galaxy's legal team since 2017. This bolsters leadership for expansion. Yet scaling demands navigating complex regulations.
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