Galaxy announced Q1 financial report: net loss of $295 million, holding approximately $1.1 billion in cash and stablecoins.

[Galaxy Announces Q1 Financial Report: Net Loss of $295 Million, Holds Approximately $1.1 Billion in Cash and Stablecoins] Galaxy announced its financial performance report for the first quarter of 2025, which disclosed:

1. Net loss of $295 million, equity capital of $1.9 billion as of March 31, 2025, holding about $1.1 billion in cash and stablecoins.
2. Total revenue and operating profit and loss amounted to $12.9 billion, offset by total transaction fees of $13.1 billion, a quarter-on-quarter decrease of 21%.
3. Galaxy's total assets under management and holdings amounted to approximately $7 billion, down 29% quarter-on-quarter due to the decline in digital asset prices.
4. The rights to hold BTC investment instruments, including Bitcoin futures ETFs, also hold SOL valued at 19.6 million USD and TIA valued at 21.7 million USD.