Galaxy Digital Reports Q3 Earnings of $517M

Posted on by American Coins & Gold

Galaxy Digital Reports Q3 Earnings of 7M
Galaxy Digital (TSX: GLXY), the publicly listed cryptocurrency conglomerate helmed by Mike Novogratz, saw its third-quarter income grow to $517 million, according to a Monday earnings release. That’s an increase of 1,146% from the $41.5 million the firm made in 2020′s third quarter.In addition, Galaxy said income for the fourth quarter of this year currently stands at $400 million for the period Sept. 30 to Nov. 12.It brings the firm’s earnings so far this year to $1.2 billion.Galaxy’s results reflect a booming crypto industry with areas like decentralized finance (DeFi) and non-fungible tokens (NFTs) adding to the firm’s revenues.Galaxy has…