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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) - Galaxy Digital Holdings, LP
 3 Months Ended
Mar. 31, 2025
Finite-Lived Intangible Assets [Line Items]  
Schedule of Goodwill
The following table reflects the changes in carrying amount of goodwill:
(in thousands)
March 31, 2025
December 31, 2024
Balance, beginning of period$58,037 $44,257 
Additions due to acquisitions (Note 3)— 13,780 
Balance, end of period
$58,037 $58,037 
The following table reflects the changes in carrying amount of goodwill:
Year Ended December 31,
(in thousands)
2024
2023
Balance, beginning of period$44,257 $24,645 
Additions due to acquisitions (Note 3)13,780 19,612 
Balance, end of period$58,037 $44,257 
Schedule of Intangible Assets
The following table represents intangible assets and accumulated amortization as March 31, 2025 and December 31, 2024:
(in thousands)
March 31, 2025
December 31, 2024
Software technology (1)
$40,508 $40,508 
Other purchased defined-life intangible assets13,701 13,701 
Indefinite-lived intangible asset1,761 1,761 
Intangible assets, gross
55,970 55,970 
Less: Accumulated amortization(22,600)(18,619)
Intangible assets, net
$33,370 $37,351 
_______________
(1)Includes capitalized equity based compensation of $3.1 million as of March 31, 2025 and December 31, 2024.
The following table represents intangible assets and accumulated amortization as of the years ended December 31, 2024 and 2023:
(in thousands)December 31, 2024December 31, 2023
Software technology(1)
$40,508 $38,895 
Other purchased defined-life intangible assets
13,701 6,062 
Indefinite-lived intangible asset1,761 1,761 
Intangible assets, gross
55,970 46,718 
Less: Accumulated amortization(18,619)(6,735)
Intangible assets, net
$37,351 $39,983 
_______________
(1)Includes capitalized equity based compensation of $3.1 million and $2.1 million as of December 31, 2024 and 2023, respectively.
Schedule of Future Amortization Expense
The Company estimates that there is no significant residual value related to its finite-life intangible assets. The expected future amortization expense for finite-life intangible assets for the next five years is as follows:
(in thousands)Amounts
2025$12,570 
20268,602 
20275,676 
20284,358 
2029 and beyond403 
Total future amortization expense
$31,609 
The Company estimates that there is no significant residual value related to its finite-life intangible assets. The expected future amortization expense for finite-life intangible assets for the next five years is as follows:
(in thousands)Amounts
2025$16,708 
20268,549 
20275,624 
20284,306 
2029 and beyond
403 
Total future amortization expense
$35,590