Galaxy Digital reported strong third-quarter financial results, primarily driven by increased trading activity and continued expansion in asset management, demonstrating stable institutional investor interest in its cryptocurrency-focused financial services.
The company reported net income of $505 million and adjusted profit of $629 million for the quarter ended Sept. 30, boosted by record results in digital asset management and investment gains. Galaxy ended the quarter with $3.2 billion in capital, including $1.9 billion in cash and stablecoins.
Trading volumes increased 140% sequentially due to increased spot and derivatives trading. This quarter included the execution of a major customer trade with the sale of over 80,000 Bitcoin (BTC), one of the largest crypto trades to date.
Galaxy did not reveal the identity of the client, but said the sale was part of the investor’s “broader real estate planning strategy,” as previously reported by Cointelegraph.
Beyond its core trading business, Galaxy is moving into data centers and high-performance computing infrastructure. The Helios campus in Texas is a key part of that push, but meaningful benefits are not expected to be generated until mid-2026.
In August, Galaxy secured a $1.4 billion loan to expand its Helios site and said it expected to generate about $1 billion in annual revenue through a long-term partnership with CoreWeave, a U.S.-based cloud computing company that specializes in GPU infrastructure for artificial intelligence workloads.
Galaxy Digital shares soared on the news of the financial results, rising nearly 16% at one point before settling higher at midday. Shares recently rose about 9% on the day, trading above $43.
Related: Galaxy Digital stock goes on-chain with Solana tokenization
Increased organizational momentum
While Bitcoin remained mostly range-bound during the third quarter, Ether (ETH) soared to multi-year highs and several other digital assets showed new momentum.
According to CoinGecko’s Q3 2025 report, the global cryptocurrency market expanded for the third consecutive quarter, increasing its value by approximately $563 billion to reach $4 trillion, its highest level since 2021. Galaxy’s performance reflects that broader trend and highlights the continued strength of the digital asset industry as a whole.
The company also remained strategically active, embracing, sometimes controversially, the growing financial trend of digital assets. During the quarter, Galaxy announced plans to participate in the $1.65 billion Solana Treasury Initiative alongside Cantor Fitzgerald, Multicoin Capital, and Jump Crypto.
As reported by Cointelegraph, the bull market is also reflected in exchange-traded products, with BlackRock noting that its Bitcoin and Ether iShares funds contributed positively to quarterly profits due to strong investor inflows and fee income.
Related: Bitcoin Whales Quietly Adopt BlackRock ETF Following SEC Rule Changes