Crypto Treasuries Take a Hit as Month-Long Market Slump Erodes Balance Sheets [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
companies, exposing the fragility of a business model built around holding volatile crypto assets on corporate balance sheets. Key Takeaways: Digital asset treasury companies are under heavy pressure as the month-long crypto downturn erases billions in balance sheet value. XRP-focused Evernorth has recorded $78 million in unrealized losses, while BitMine faces $2.1 billion in paper losses on its Ether holdings. Analysts warn that many treasuries risk collapse as their market net asset value (mNAV) sinks. Bitcoin and Ether have both fallen sharply over the past month, and with them, the valuations of firms that rely heavily on these holdings for their value. Evernorth Faces $78M Unrealized Loss Amid Mounting Pressure on Treasury Firms A new analysis by on-chain data firm CryptoQuant highlighted the pressure facing such companies, naming Evernorth, an XRP-focused treasury, as a key example. The firm has reportedly suffered $78 million in unrealized losses on its XRP posi
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News
- Galaxy Digital (NASDAQ:GLXY) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $30.00 to $26.00. They now have a "neutral" rating on the stock.MarketBeat
- Galaxy Digital (GLXY): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital Acquires Alluvial Finance, Becomes Development Company for Liquid Collective [Yahoo! Finance]Yahoo! Finance
- Galaxy Expands into Liquid Staking as Development Company for Liquid CollectivePR Newswire
- Galaxy in Talks to Provide Liquidity for Polymarket and Kalshi as Trading Firms Jump Into Prediction Markets [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 10/21/25 - Beat
GLXY
Sec Filings
- 11/10/25 - Form 4
- 11/10/25 - Form 8-K
- 11/10/25 - Form 424B3
- GLXY's page on the SEC website