Galaxy Digital Shares Plunge Post $482M Q4 Loss: GLXY

[Para 1: The Lead] Galaxy Digital's shares nosedived following a $482 million fourth-quarter loss, reflecting a 22% drop in its investment portfolio value. The firm's GLXY stock, listed on the Nasdaq since May, saw its price drop by about 16% on the news, trading at $22.13. [Para 2-3: Supporting details & Context] The company reported a 22% decrease in the value of its digital assets and investments, totaling $449 million in the quarter ended December 31, 2025. Despite this, Galaxy maintained $2.6 billion in cash and stablecoins. The firm's portfolio value fell to $1.7 billion, with Bitcoin holdings at $557 million, Ethereum at $124 million, and other altcoins at $220 million. Venture and fund investments were valued at $617 million, and "other liquid investments" at $141 million. Galaxy, known for its institutional crypto services, saw trading volumes drop 62% quarter-over-quarter to $10.6 billion. The firm facilitated a $9 billion Bitcoin sale in the third quarter. The value of assets on its platform fell 26% to $11.4 billion, and assets under management decreased 27% to $6.4 billion from $8.8 billion in the previous quarter. Galaxy's digital asset staking value dropped 24% to $5 billion quarter-over-quarter.