Galaxy Digital posted a net loss of $177 million in the second quarter, nearly four times that of the same period last year

Digital asset financial services firm Galaxy Digital (GLXY) posted a net loss of $177 million for the second quarter, nearly four times the amount in the same period last year, due to the cryptocurrency market pullback. Galaxy's digital asset holdings posted a net loss of $161.70 million. Bitcoin fell 12 percent in the quarter after surging nearly 70 percent in the first three months, according to Coinglass. In the first half, Galaxy's net income was nearly $245 million, up more than 175 percent from the first half of 2023.