Galaxy Digital, founded and managed by billionaire Michael Novogratz, reported higher-than-anticipated losses during the cryptocurrency market downturn in the fourth quarter of 2025. According to BlockBeats, the company announced on Tuesday that its net loss for Q4 2025 amounted to $482 million, with a per-share loss of $1.08. This was primarily attributed to the decline in digital asset prices during the quarter. Analysts surveyed by Bloomberg had predicted Galaxy's losses to be $282 million, with a per-share loss of $0.99.