Crypto firm Galaxy Digital recently filed its Q2 report, which showed the amount of digital assets it currently holds. The report showed that the firm increased its Bitcoin exposure, while reducing its Ethereum and XRP holdings.
Galaxy Digital Buys More Bitcoin, Offloads Ethereum and XRP
Galaxy Digital’s Q2 SEC filing shows that the firm’s Bitcoin holdings stand at 17,102. This represents an increase from the first quarter, based on the Q1 SEC filing, when the firm held 12,830 BTC. Meanwhile, the company’s Ethereum and XRP holdings dropped in the second quarter, indicating a sale of some of these coins.
Q2 Report
Galaxy Digital currently holds 90,521 ETH, down from the 155,026 ETH it had in the first quarter of the year. Meanwhile, the company currently holds 15.38 million XRP, a decline from the 16.9 million coins it had in the first quarter of the year. In addition to Bitcoin, Ethereum, and XRP, the company also holds some other digital assets.
Related Reading: Finance Author Warns Of Great Depression Style Crash, Is Bitcoin The Answer?
Q1 Report
Galaxy Digital held 263 million USDC as of the second quarter, which is a decline from the 426 million USDC it had in the first quarter of the year. The company also boasts SOL and USDG holdings. It increased its exposure to these assets from 955,072 SOL and 30.5 million USDG in the first quarter to 1 million SOL and 47.1 million USDG in the second quarter.
Meanwhile, Galaxy Digital dumped its 12 million SUI it held in the first quarter and accumulated 2.3 million HYPE in the second quarter. Bitcoin, USDC, and Ethereum are the company’s largest crypto holdings based on value, while XRP is the last on the list with a carrying value of $34.4 million. The total crypto holdings amount to $3.5 billion.
Based on its Q2 Bitcoin holdings, Galaxy Digital is currently the eighth-largest public BTC treasury company. It is worth mentioning that the company’s CEO, Mike Novogratz, is bullish on BTC, predicting that it could reach $800,000 in the next five to ten years.
Plans To Tokenize Its Common Stock
In the SEC filing, Galaxy Digital also revealed that it is evaluating the feasibility of tokenizing its Class A common stock. The company noted that this could introduce risks and uncertainties that could affect the market, especially with the stock’s trading price, among other potential consequences.
In line with this tokenization move, Galaxy Digital already signed an agreement with Superstate Services on May 20, 2025, as its digital asset transfer agent. Under the agreement, the tokenization platform will create and maintain an Allowlist of wallet addresses of investors who have completed the onboarding requirements. Only these investors will be permitted to hold, transfer, and facilitate transfers of Tokenized Galaxy stocks.
Related Posts
