Galaxy Digital Q4 net loss $482M, FY net loss $241M; record bitcoin trade executed

Galaxy Digital Inc.

Q4 2025 net loss $482M, diluted EPS $(1.08); full year net loss $241M, diluted EPS $(0.61).
Full year adjusted gross profit $426M, adjusted EBITDA $34M; ~$160M one-time costs.
Global Markets record volumes and loan book ($1.79B avg); executed one of largest bitcoin trades.
Asset Management $2.0B net inflows (34% organic); $12B assets on platform; staking expanded.
Cash & stablecoins $2.6B; raised $325M equity and $1.3B exchangeable notes; Helios 1.6 GW approved.

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