Key Notes
- The firm executed a landmark $9 billion Bitcoin transaction involving approximately 80,000 BTC on behalf of institutional clients.
- Digital asset trading volumes surged 140% from the previous quarter, propelling adjusted EBITDA to $629 million for the period.
- Galaxy's stock price climbed over 6% following the earnings announcement, reflecting strong investor confidence in its diversification strategy.
Galaxy Digital Inc. (Nasdaq: GLXY) reported net income of $505 million for the third quarter of 2025, with diluted earnings per share hitting $1.01. The company’s Q3 adjusted EBITDA stood at $629 million, marking an increase primarily driven by the Digital Assets division as trading volumes and spot activity set new quarterly benchmarks.
Management credited a sharp increase in digital asset volumes—up 140% from Q2—as a key factor in the profit jump. The Global Markets segment posted a record adjusted gross profit of $295 million, driven by robust spot and derivatives trading, as well as the execution of a $9 billion Bitcoin BTC $108 004 24h volatility: 0.0% Market cap: $2.15 T Vol. 24h: $107.10 B sale, comprising approximately 80,000 BTC, on behalf of a client. reported this sale in July 2025 .
Galaxy’s Q3 2025 results are in. pic.twitter.com/6XU9edN1za
— Galaxy (@galaxyhq) October 21, 2025
Galaxy’s total platform assets reached $17 billion at the quarter’s end, with $8.8 billion in assets under management and $6.6 billion under stake. The company held $1.9 billion in cash and stablecoins as of September 30, 2025. Capital for operations was supported by a $460 million equity investment from a leading global asset manager, with $325 million in net proceeds earmarked for Helios campus expansion and corporate objectives, according to the press release .
Strong Outlook for Data Center and Asset Management
Galaxy gave a brief update on its Helios Data Center in West Texas, noting continued progress toward operational readiness in 2026. The site is fully leased to CoreWeave, an AI and high-performance computing company, under agreements spanning up to 800 MW of capacity.
The Helios campus has become central to Galaxy’s long-term growth strategy, representing its diversification from digital asset trading into data infrastructure that supports the AI economy.
Its departments of asset management and infrastructure solutions generated $23 million in adjusted gross profit, primarily due to more than $2 billion of net inflows into Galaxy’s alternatives suite and ETFs.
New multi-year digital asset mandates from treasury clients added $4.5 billion in assets, supporting annual recurring fee revenue exceeding $40 million. Galaxy’s recent launch of the GalaxyOne platform in October provides individual US investors with access to high-yield cash, cryptocurrency, and equity trading.
Positive Market Reaction to Q3 Report
With the report of its Q3 results, the shares of Galaxy Digital (GLXY: NASDAQ) were actively traded. In 24 hours, its shares increased more than 6%, with a trading volume of 16,874,909 shares, according to . Galaxy Digital is experiencing a strong performance in 2025, with an 82.55% year-to-date increase.
Graphic of the price of GLXY stocks. Source: Yahoo Finance.
The trading activity indicated heightened volatility and increased trading volumes, consistent with the scale of reported financial and strategic developments, reflecting a positive reaction following Galaxy Digital’s announcement of a 1,546% quarter-over-quarter increase in net income and further details on institutional growth and infrastructure expansion.
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