🔗 Crypto & Blockchain

Galaxy Digital's Crypto Core Prints $505M Profit—But That $241M Net Loss? Stock Doesn't Care, Up 11%

Galaxy's stock rocketed 11% after its annual report—core crypto ops profitable at $505 million, even with a $241 million net loss. But who's really cashing in here?

Galaxy Digital stock chart surging 11% after profitable annual report

⚡ Key Takeaways

  • Galaxy's Digital Assets segment delivered $505M profit from trading, lending, and staking. 𝕏
  • Net loss of $241M stems from investments, not core ops—stock rallied 11% anyway. 𝕏
  • Skeptical view: Mirrors 2017 trading desk booms; regs could cap the upside. 𝕏
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Originally reported by The Block

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