Cryptocurrency holding Galaxy Digital reported financial results since the beginning of the year. The company's net consolidated profit rose to $860 million
Michael Novogratz noted that the current quarter set another record. The company's net comprehensive income rose to $860 million from $336 million in the previous quarter.
Galaxy Digital was able to increase the volume of managed funds to a record amount of $1.27 billion and increase the number of loan funds by 510%. The profitability of Galaxy Digital Holdings divisions was more than 101%. The bank's crypto trading profit rose to $508.7 million since the beginning of the year. This is a sharp breakthrough against the background of last year’s losses of $31.5 million.
Having announced the figures, the head of the investment giant noted among the achievements the acquisition of the provider of custody services BitGo. This acquisition will enable Galaxy Digital to become the first end-to-end solution provider for institutional players.
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