Galaxy Digital Doubles Down on Bitcoin, Slashes Ethereum Exposure in Q2 2025
Galaxy Digital, a leading force in digital assets and AI infrastructure, significantly shifted its crypto strategy in Q2 2025 — adding 4,272 BTC to its reserves while cutting back on Ethereum (ETH) and other altcoins.
Bitcoin In, Ethereum Out
The firm reported $30.7 million in net profit for Q2, underscoring solid performance across its core business lines. A major milestone came with its Nasdaq listing (ticker: GLXY) on March 16.
Galaxy’s net digital asset holdings surged 40% from Q1, reaching $1.2 billion — largely driven by Bitcoin’s massive rally. BTC soared from $70,500 at the end of March to $108,700 by June 30.
By quarter-end, Galaxy held 17,102 BTC — up from 12,830 BTC in Q1. Meanwhile, ETH holdings dropped sharply from 155,026 to 90,521. XRP holdings also declined, hinting at a deliberate altcoin de-risking or portfolio rebalance.
Other assets include Solana (SOL), Hype (HYP), SUI, and stablecoins like USDC.
Assets and Staking on the Rise
Galaxy’s total AUM climbed 27% QoQ to $8.9 billion. Staked assets increased 34%, totaling $3.1 billion. July brought further optimism, as the company revealed its strongest month yet for its Digital Assets division — with record-breaking Global Markets earnings and continued momentum across Asset Management and Infrastructure.
BTC Strategy — Is It Changing Again?
Despite Q2’s aggressive BTC accumulation, signs of shifting strategy are emerging. Galaxy’s Satoshi-era wallet recently sold 22,700 BTC, dragging net BTC earnings to $1.4 billion amid market pressure.
As capital rotates and market dynamics evolve, Galaxy may continue fine-tuning its crypto allocation.
