Galaxy Digital Investors’ Concerns About LUNA Exposure Are Overblown, Says BTIG



In its recent management discussion and analysis filing for the quarter ending March 31, Galaxy said that the largest contributor in the quarter to the $355 million in net realized gains on its digital assets came from sales of LUNA. Galaxy had previously said in its fourth quarter earnings release that it held $407.6 million worth of LUNA as of Dec. 31.

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