Key Takeaways:

• Galaxy Digital posted a $216M Q1 loss as the crypto market fell approximately 20% by March 31.
• Galaxy Digital assets fell 12% to approximately $10B, showing crypto sector volatility impact.
• Galaxy Digital bets on Helios, adding 830MW; Coreweave deal to drive Q2 revenue.

Mike Novogratz’s Galaxy Holds $2.6B Cash as $216M Loss Tests Market Strategy

Galaxy Digital Holdings posted a sharp quarterly loss of $216 million as falling digital asset prices weighed on its investment portfolio, underscoring the sector’s continued sensitivity to market swings even as the firm expands into infrastructure.

The company reported the net loss of $216 million for the three months ended March 31, compared with a $482 million loss in the…