₿$73,459.79▼ 0.12%
Galaxy Digital Inc.
Galaxy Digital is a financial services and infrastructure company focused on digital assets and HPC data centers, founded by Mike Novogratz. Galaxy holds BTC as part of its treasury and principal investment portfolio, and has issued exchangeable notes to fund operations. The company also operates a $1.4B Deutsche Bank credit facility for its Helios data center business.
BTC Holdings
18,380 BTC
Insufficient history
Stock PriceUpdated 11h ago
$29.58▼ 1.83%
180d
Total financing
3.22B USD
180d
mNAV
9.72x▼ 1.71%
180d
Leverage
170.8%
180d
BTC Risk
14.84%0.6x
Sats/Share
4,145
180d
Mkt capFD
13.12B USD
SharesFD
443.47M
Fiat reserve
910.69M USD
Total reserve
2.26B USD
Dilution
13.7%
Coverage
45.1 yr
BTC mix
0%
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$10B▼13.3%
Total Liabilities$7.2B▼13.6%
Stockholders' Equity$1.8B▲2.8%
Cash & Equivalents$910.7M▼19.9%
Total Debt—
Digital Assets$3.7B▼11.8%
Income Statement
Revenue$10B▼64.6%
Operating Income—
Net Income$-216.3M▼142.8%
Interest Expense$17.6M▲21.9%
Cash Flow
Operating Cash Flow$-83.3M▼111.0%
Instruments
GLXY-Dec26
Dec '21 – Dec '26
Coupon
3%
Principal
500.00M USD
Outstanding
445.00M USD
Conv. price
33.34 USD
BTC Rating
2.2x
GLXY-Dec29
Nov '24 – Dec '29
Coupon
2.5%
Principal
402.50M USD
Outstanding
402.50M USD
Conv. price
23.81 USD
BTC Rating
1.3x
GLXY-May31
Oct '25 – May '31
Coupon
0.5%
Principal
1.30B USD
Outstanding
1.30B USD
Conv. price
55.76 USD
BTC Rating
0.6x
Total
2.15B USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| GLXY-Dec26 | Dec '21 – Dec '26 | 3% | 500.00M USD | 445.00M USD | 33.34 USD | 2.2x |
| GLXY-Dec29 | Nov '24 – Dec '29 | 2.5% | 402.50M USD | 402.50M USD | 23.81 USD | 1.3x |
| GLXY-May31 | Oct '25 – May '31 | 0.5% | 1.30B USD | 1.30B USD | 55.76 USD | 0.6x |
| Total | 2.15B USD | |||||
Recent Changes
Tue, May 5, 2026
Shares Outstanding
390.3M→389.9M-359.0K(-0.1%)
191,491,823 Class A + 198,408,277 Class B
Form 10-Q (Q1 2026)Tue, Mar 31, 2026
BTC Holdings
6.9K→18.4K+11,486 BTC(+166.6%)
$1.255B carrying value
Form 10-Q (Q1 2026)Shares Outstanding
389.1M→390.3M+1.2M(+0.3%)
Class A 191,850,792 + Class B (noncontrolling) 198,408,277
Form 8-K (Q1 2026 earnings)Debt OutstandingDrawGLXY-H1TL
878.0M→1.07B+191.6M(+21.8%)
Form 10-Q (Q1 2026)
Fiat Reserve
1.25B→910.7M-335.5M(-26.9%)USD
Excludes $1,694M in stablecoins disclosed in earnings highlights
Form 8-K (Q1 2026 earnings)Tue, Feb 24, 2026
Shares Outstanding
391.1M→389.1M-2.0M(-0.5%)
Form 10-K (2025)
Wed, Dec 31, 2025
Shares Outstanding
381.2M→391.1M+9.9M(+2.6%)
Class A: 192,695,681 + Class B: 198,408,277
Form 10-K (2025)Debt OutstandingRepurchaseGLXY-Dec26
500.0M→445.0M-55.0M(-11.0%)
$55M repurchased
Form 10-K (2025)Debt OutstandingDrawGLXY-H1TL
433.5M→878.0M+444.5M(+102.5%)
Form 10-K (2025)
Fiat Reserve
1.14B→1.25B+108.8M(+9.6%)USD
Form 10-K (2025)