Galaxy Digital Posts $200M Quarterly Loss—Did Hyperliquid Help Avoid New Crisis?
Galaxy Digital reported a tough start to the year as crypto prices fell and market values broadly contracted. In its first-quarter (Q1) results, the company reported a net loss of $216 million while the total crypto market capitalization slid by roughly 20% during the same period. Despite the quarterly loss, Galaxy Digital’s stock (trading under the ticker symbol GLXY) surged around 4% during Tuesday’s trading session, reaching $26 per share. Meanwhile, Hyperliquid’s native token saw a 5% loss and retraced to $39. Featured image from OpenArt, chart from TradingView.com About Author
