Galaxy Digital Shares Dive Following $482 Million Q4 Loss

Galaxy Digital shares fell on Tuesday after the institutional crypto firm reported a fourth-quarter loss of $482 million, stemming from a 22% decrease in the value of its investment portfolio. The company, which listed its shares on the Nasdaq in May, saw the value of its digital assets and investments decline $449 million in the quarter ended Dec. 31, according to a press release. Although the value of Galaxy’s portfolio fell to $1.7 billion, it still held $2.6 billion in cash and stablecoins. At the end ...