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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Income / (loss) for the period $ 0 $ (1)
Changes in operating assets and liabilities:    
Net cash provided by / (used in) operating activities 0 (1)
Financing activities    
Net increase / (decrease) in cash and cash equivalents 0 (1)
Cash and cash equivalents, beginning of period 1 3
Cash and cash equivalents, end of period 1 2
Galaxy Digital Holdings, LP    
Operating activities    
Income / (loss) for the period (295,432) 388,127
Adjustments for:    
Digital assets sales revenue (5,535,721) (1,242,643)
Digital assets sales cost 5,552,501 1,179,478
Impairment of digital assets 49,070 3,253
Depreciation and amortization 13,591 9,500
Other impairment 49,222 0
Equity based compensation 13,738 18,652
Noncash expense from borrowing 25,327 16,064
Noncash lending and net staking income (34,839) (20,436)
Net (gain) / loss on digital assets 18,223 (346,393)
Net (gain) / loss on investments 133,167 (63,018)
Net (gain) /loss on derivatives trading (31,059) (83,640)
Net unrealized gain / (loss) on notes payable – derivative (89,606) 9,713
Noncash notes interest expense 14,071 6,976
Net deferred tax expense / (benefit) (7,152) 3,514
Other noncash adjustments (1,208) (1,329)
Changes in operating assets and liabilities:    
Digital assets 198,148 244,945
Digital assets receivable 41,528 197
Derivative assets / liabilities 34,203 151,095
Accounts receivable 24,753 (1,353)
Prepaid expenses and other assets (3,562) 2,199
Assets posted as collateral 0 (12,409)
Collateral payable (25,577) 11,717
Accounts payable and accrued liabilities (15,069) (3,852)
Other current liabilities 65,911 (194,013)
Other non-current liabilities (34,815) (1,285)
Net cash provided by / (used in) operating activities 159,413 75,059
Investing activities    
Proceeds from paydowns and maturities of loans receivable 64,072 33,109
Disbursements for loans receivable (52,593) (45,502)
Purchase of property, equipment and intangible assets (91,642) (25,166)
Disposal of property and equipment 7,954 1,560
Purchase of investments (645,333) (2,261,582)
Proceeds and distributions from investments 781,642 1,930,839
Net cash provided by / (used in) investing activities 64,100 (366,742)
Financing activities    
Payable to customers (232) 77,298
Proceeds from loans payable 61,921 202,826
Repayments of loans payable (32,470) (20,500)
Margin loans payable, net (194,920) 0
Share issuance, net of costs 2,247 153
Distributions (9,436) (36,698)
Cancellation of Class A Units withheld (3,288) (774)
Net cash provided by / (used in) financing activities (176,178) 222,305
Net increase / (decrease) in cash and cash equivalents 47,335 (69,378)
Cash and cash equivalents, beginning of period 462,103 316,610
Cash and cash equivalents, end of period 509,438 247,232
Cash paid during the year for:    
Interest 10,931 1,915
Taxes 2,314 378
Significant noncash investing and financing activities:    
Digital assets loan receivable, net of allowance 299,709 9,286
Assets posted as collateral 231,217 157,213
Digital assets borrowed 269,449  
Digital assets borrowed   577,305
Collateral payable 430,565 91,759
Purchase of investments with noncash contributions 9,352 9,934
Proceeds from investments included in receivables 70 0
Proceeds from investments received as digital assets 96,461 6,714
Additions to property, plant and equipment and intangible assets 753 2,101
Disposals of property, plant and equipment and intangible assets 1,370 0
Reclassification between derivatives and investments 0 389
Origination of loans receivable with noncash consideration $ 0 $ 2,966