BULLISH 55 The Block 2H ago · 1 min read

Galaxy Digital posts $323 million quarterly profit, adds $200 million buyback

AI summary

Galaxy Digital posted a $323 million quarterly profit, reversing prior losses as trading volumes and lending activity increased. The crypto financial services firm also authorized a new $200 million share buyback. The return to profitability signals improving conditions for crypto trading and lending businesses, a read-through for institutional activity in the sector.

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