Galaxy reports $85M net loss amid Q2 crypto market slump
CoinTelegraph·
60-second summary
Galaxy Digital reports an $85 million net loss, driven by plummeting digital asset prices and $8.7 billion in revenue that fell short of Wall Street estimates, underscoring the crypto market's Q2 slump. This significant loss reflects the industry's ongoing volatility, as investors remain cautious amidst market fluctuations, impacting overall investor confidence in the sector.
Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates.