Galaxy Digital Holdings Reports Profit Surge in Q4

Galaxy Digital Holdings Ltd., led by Michael Novogratz, has reported a significant turnaround, posting a net income of $301.5 million for the fourth quarter. This substantial increase from the previous year was propelled by the rising prices of digital assets and escalated trading volumes. The company stated that heightened market volatility and amplified trading activities have substantially contributed to their successful business performance. Galaxy Digital's impressive profitability underscores the growing influence of digital assets in the investment landscape, reinforcing the company's position in the digital finance sector.