THELOGICALINDIAN - Galaxy Agenda Holdings appear on Friday August 14 that its absolute assets for Q2 grew to 385 actor The amount reflects both net accomplished and abeyant assets from agenda assets as able-bodied as advance activities of 283 million
In an earnings call, Galaxy Digital President, Chris Ferraro, said operating acquirement advance is aloof over 24% for the aboriginal bisected of 2020 against the aforementioned aeon aftermost year.
Ferraro explained that “this is beyond all of our operating business lines, including asset administration and advising account fees, costs activities and acquired gains.”
In Q2, Galaxy Digital saw its over-the-counter (OTC) trading board accomplish over $1 billion of the annual volume. According to Ferraro, this amount is Galaxy Digital’s “second-largest division by aggregate in operating history.”
The firm’s OTC volumes represent “over 15% consecutive annual advance over Q1 and 46% consecutive advance back compared to Q4 2025.” Ferraro additionally adds that back excluding agnate advantage volume, “spot OTC volumes were still up 2% sequentially, while industry atom barter volumes were bottomward 17%.”
To Ferraro and his aggregation this signals “a continuing bazaar allotment assets for the Galaxy trading platform.”
Meanwhile, speaking earlier, Galaxy Digital CEO and Founder, Mike Novogratz remarked that he anticipation “we’ve beyond the Rubicon, and that anybody is scrambling to try to be in this business.”
Novogratz believes this catechism has been acclimatized and bitcoin is now an asset while blockchains “are actuality deployed all over the place.”
Commenting on the bazaar agreement and the bottomward bitcoin volatility, Novogratz says accretion institutional acceptance will be acceptable for the crypto bazaar activity forward.
“Listen, we were at 98% retail market. We’re not — we’re not anymore, but we’re — but we haven’t done a 50% market. What’s acceptable about the institutional easily is they’re beneath leveraged, but it’s adamantine to get leveraged institutionally in the amplitude at this point, area a lot of retail get leveraged out on the Asian Exchanges,” explained Novogratz.
To accent his aesthetics about bitcoin, Novogratz credibility to contempo reports that the Nasdaq listed Microstrategy had invested in bitcoins. He explains how that is acceptable to appulse the market:
“And so back — back this accessible aggregation buys $250 actor account and puts them in their Treasury, best acceptable they’re not affairs those in the abutting few weeks.”
Novogratz additionally said a Nasdaq advertisement is “certainly article on our mind” but did not accord a specific timeframe for this.
Meanwhile, Galaxy Holdings’ agenda assets, including agenda assets acquaint as collateral, stood at $170.8 actor as at 30 June 2025, an access of $76.6 actor from December 31, 2025.
However, this access was primarily due to the access in the fair amount of the agenda assets during the period, as the prices of agenda assets captivated by the “partnership” increased, as able-bodied as an access in the backing of assertive agenda assets.
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