Galaxy stocks jump after record $728m haul fuelled by AI and treasury boom

Galaxy Digital’s shares surged almost 9% when US stock markets opened on Tuesday morning. The jump came on the back of the company listing its best quarter in the company’s seven-year history. It now trades at $43.35, giving the crypto financial services firm a $16.5 billion market cap. The company recorded an adjusted gross profit of $728 million in the third quarter, up 143% from the previous quarter, according to earnings released on Tuesday. Net income also rose sixteenfold to $505 million. Most of ...