Galaxy Digital experiences significant drop in shares after $482 million loss in Q4

Galaxy Digital reported a striking loss of $482 million in Q4 due to a 22% drop in the value of its investment portfolio.

Despite the decline, Galaxy retains $2.6 billion in cash and stablecoins, with total assets now at $1.7 billion, including $557 million in Bitcoin and $124 million in Ethereum.

Following these reports, Galaxy shares experienced a 16% drop, reaching their lowest price since July, as trading volumes fell significantly.