According to CryptoPotato, the recently released financial report of Mike Novogratz’s digital asset financial services company Galaxy Digital showed that net income for the full year of 2023 was US$296 million, achieving a significant reversal since a loss of US$1 billion in 2022. The company stated that the fourth quarter of 2023 had a significant impact on the company's performance. Galaxy Digital said in an official statement that in the last quarter of 2023, the company's financial situation has changed positively, with net income reaching US$302 million. Meanwhile, the crypto market is enjoying a much-needed rebound after a long crypto winter. As a result, the company recorded net income of $302 million. This was in stark contrast to the $288 million loss reported in the same period a year earlier. Even in the third quarter of 2023, Galaxy lost $94 million. Galaxy also disclosed that as of December 31, 2023, its assets under management (AUM) were approximately $5.2 billion, a year-on-year increase of 203%, driven mainly by net inflows of "newly managed opportunistic assets." After the quarter ended, the company recorded preliminary AUM of $10.1 billion for the year ended February 29, 2024. This figure was driven by market appreciation over the same period, in addition to continued recent inflows into opportunistic assets under management.