Galaxy reports Q1 earnings: net loss of $295 million, holding about $1.10 billion in cash and stablecoins

Galaxy announced its 2025 Quarter 1 financial results, which revealed:
Net loss of $295 million, as of March 31, 2025, the share capital was $1.90 billion and held approximately $1.10 billion in cash and stablecoins.
Total revenue and operating profit and loss of $12.90 billion, offset by total transaction costs of $13.10 billion, decreased 21% sequentially.
3. Galaxy's assets under management and holdings totaled approximately $7 billion, down 29% month-on-month due to falling digital asset prices.
4. Holds interests in BTC investment vehicles, including Bitcoin futures ETFs, etc., and also holds SOL worth $19.60 million and TIA worth $21.70 million.