Crypto-focused investment firm Galaxy Digital revealed its fourth quarter financial report, drawing attention to the cryptocurrencies held within the company.
Galaxy Digital shared its fourth quarter financial report for 2023. The company announced that it had earned a net income of $296 million in 2023. In addition, the assets under management (AUM) rose to $10.1 billion as of February 29, 2024.
One of the most notable points in the report was the company’s holdings of cryptocurrency assets. Data revealed that as of the fourth quarter of 2023, Galaxy Digital held $1 billion worth of cryptocurrency.
Among these cryptocurrency assets were $589 million worth of Bitcoin (BTC), $174 million worth of Ethereum (ETH), $104 million worth of Tether (USDT), $74 million worth of USD Coin (USDC), and $27 million worth of Calestia (TIA). Additionally, it was noted that there were $108,000 worth of “other altcoins” in the company’s holdings.
Among these altcoins, TIA, which was added in 2023 and not in 2022, stood out. The mention of $41 million worth of “locked assets” in the company’s holdings did not go unnoticed.
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