Galaxy Digital reported a strong third-quarter financial performance, primarily driven by increased trading activity and ongoing expansion in asset management, indicating sustained institutional interest in cryptocurrency-focused financial services.
The company announced a quarterly net profit of $505 million for the period ending September 30, with adjusted earnings of $629 million, benefiting from record performance in its digital asset business and investment gains. At the end of the quarter, Galaxy had $3.2 billion in equity, including $1.9 billion in cash and stablecoins.
Trading volume surged 140% compared to the previous quarter, driven by increased spot and derivatives trading. A significant client transaction involving the sale of over 80,000 Bitcoin (BTC) was executed this quarter—one of the largest cryptocurrency trades to date.
While Galaxy did not disclose the identity of the client, it stated that the sale was part of the investor's "broader legacy planning strategy," as previously reported by Cointelegraph.
Beyond its core trading business, Galaxy is venturing into data centers and high-performance computing infrastructure. Its Helios campus in Texas is a key part of this strategy, although meaningful profits are not expected until mid-2026.
In August, Galaxy secured a $1.4 billion loan to expand the Helios site and stated it expects to generate approximately $1 billion in annual revenue through a long-term partnership with CoreWeave, a U.S.-based cloud computing company specializing in GPU infrastructure for AI workloads.
Galaxy Digital's stock price surged following the earnings report, climbing nearly 16% at one point, and maintained its upward trend during the midday session. The stock's last trading price was above $43, up about 9% for the day.
Although BTC remained relatively range-bound in the third quarter, Ethereum (ETH) surged to multi-year highs, with several other digital assets also showing new momentum.
According to CoinGecko's Q3 2025 report, the global cryptocurrency market expanded for the third consecutive quarter, adding approximately $563 billion in value to reach $4 trillion, the highest level since 2021. Galaxy's performance reflects this broader trend, highlighting the continued strong performance of the entire digital asset industry.
The company has also remained active strategically, embracing the growing but sometimes controversial trend of digital asset treasury management. This quarter, Galaxy announced plans to participate in a $1.65 billion Solana treasury program alongside Cantor Fitzgerald, Multicoin Capital, and Jump Crypto.
As reported by Cointelegraph, the bull market is also reflected in exchange-traded products, with BlackRock noting that its Bitcoin and Ethereum iShares funds made a positive contribution to quarterly earnings, driven by strong investor inflows and fee income.
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Original: “Galaxy Digital Reports $505 Million Q3 Profit Driven by Trading Surge and Institutional Demand”
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