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BTCC / BTCC Square / decryptCO /
Galaxy Digital Bleeds $295M Ahead of Nasdaq Debut—Wall Street’s Favorite Casino Welcomes New Player

Galaxy Digital Bleeds $295M Ahead of Nasdaq Debut—Wall Street’s Favorite Casino Welcomes New Player

Author:
decryptCO
Published:
2025-05-13 19:35:18
20
2

Galaxy Digital Reports $295 Million Q1 Loss Before Nasdaq US Listing

Mike Novogratz’s crypto shop takes a quarter-billion-dollar haircut—right before ringing Nasdaq’s opening bell. Timing is everything, isn’t it?

Behind the numbers: Galaxy’s Q1 loss stems from bad crypto bets and market jitters. But who’s counting when you’ve got a shiny new US listing to distract investors?

The kicker: Wall Street’s latest ’digital asset’ darling proves yet again that in crypto, the house always wins... even when it loses.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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