Galaxy Digital Dumps Ethereum, XRP For Bitcoin In Latest Report | Bitcoinist.com

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Crypto agency Galaxy Digital not too long ago filed its Q2 report, which confirmed the quantity of digital property it at present holds. The report confirmed that the agency elevated its Bitcoin publicity, whereas lowering its Ethereum and XRP holdings. 

Galaxy Digital Buys More Bitcoin, Offloads Ethereum and XRP

Galaxy Digital’s Q2 SEC submitting reveals that the agency’s Bitcoin holdings stand at 17,102. This represents a rise from the primary quarter, based mostly on the Q1 SEC submitting, when the agency held 12,830 BTC. Meanwhile, the corporate’s Ethereum and XRP holdings dropped within the second quarter, indicating a sale of a few of these cash. 

Bitcoin
Source: Galaxy Digital on X

Q2 Report

Galaxy Digital at present holds 90,521 ETH, down from the 155,026 ETH it had within the first quarter of the 12 months. Meanwhile, the corporate at present holds 15.38 million XRP, a decline from the 16.9 million cash it had within the first quarter of the 12 months. In addition to Bitcoin, Ethereum, and XRP, the corporate additionally holds another digital property. 

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 within the first quarter of the 12 months. The firm additionally boasts SOL and USDG holdings. It elevated its publicity to those property from 955,072 SOL and 30.5 million USDG within the first quarter to 1 million SOL and 47.1 million USDG within the second quarter. 

Meanwhile, Galaxy Digital dumped its 12 million SUI it held within the first quarter and amassed 2.3 million HYPE within the second quarter. Bitcoin, USDC, and Ethereum are the firm’s largest crypto holdings based mostly on worth, whereas XRP is the final on the listing with a carrying worth of $34.4 million. The complete crypto holdings quantity to $3.5 billion.  

Based on its Q2 Bitcoin holdings, Galaxy Digital is at present the eighth-largest public BTC treasury firm. It is value mentioning that the corporate’s CEO, Mike Novogratz, is bullish on BTC, predicting that it may attain $800,000 within the subsequent 5 to 10 years. 

Plans To Tokenize Its Common Stock

In the SEC submitting, Galaxy Digital additionally revealed that it’s evaluating the feasibility of tokenizing its Class A widespread inventory. The firm famous that this might introduce dangers and uncertainties that would have an effect on the market, particularly with the inventory’s buying and selling worth, amongst different potential penalties. 

In line with this tokenization transfer, Galaxy Digital already signed an settlement with Superstate Services on May 20, 2025, as its digital asset switch agent. Under the settlement, the tokenization platform will create and preserve an Allowlist of pockets addresses of traders who’ve accomplished the onboarding necessities. Only these traders will probably be permitted to carry, switch, and facilitate transfers of Tokenized Galaxy shares.

Bitcoin
BTC buying and selling at $113,930 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured picture from Pixabay, chart from Tradingview.com

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