According to Bloomberg, Galaxy Digital's fourth-quarter net income was $301.5 million, or $0.9 per share, a significant improvement from a loss of $288.8 million, or $3.13 per share, in the same period last year. This is mainly due to the huge increase in digital asset prices. During the quarter, Galaxy Digital’s net digital asset holdings (excluding stablecoins) were $709 million, doubling from $354 million in the same period last year. Bitcoin gained 57% in the fourth quarter. Galaxy Digital is undergoing a proposed business reorganization with plans to register in Delaware and list on Nasdaq. Shares of Galaxy Digital are up 39% so far this year, nearly tripling in 2023. The company’s spot Bitcoin ETF, co-issued with Invesco, has seen net inflows of approximately $192 million since its launch in January.