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Condensed Consolidated Interim Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 0 $ 0 $ 0 $ 0  
Operating expenses:          
Total operating expenses 0 1 2 2  
Other income / (expense):          
Net income / (loss) for the period, before taxes 0 (1) (2) (2)  
Income tax expense / (benefit) 0 0 0 0  
Net income / (loss) 0 (1) (2) (2)  
Galaxy Digital Holdings, LP          
Revenue 12,976,206 9,335,372 42,596,673 51,626,779 $ 119,825,847
Net gain / (loss) on digital assets (18,223) 346,393 634,557 333,450 938,365
Net gain / (loss) on investments (133,167) 63,018 258,791 97,827 (464,918)
Net gain / (loss) on derivatives trading 31,059 83,640 267,769 151,583 192,558
Revenues and gains / (losses) from operations 12,855,875 9,828,423 43,757,790 52,209,639 120,491,852
Operating expenses:          
Transaction expenses 13,059,439 9,313,616 42,741,776 51,592,423 120,995,931
Compensation and benefits 56,953 61,071 265,591 219,256 216,201
General and administrative 86,575 19,685 279,297 58,351 148,770
Technology 9,887 6,492 30,510 20,107 14,918
Professional fees 20,772 13,629 51,076 38,051 28,223
Notes interest expense 14,071 6,976 30,804 27,285 37,029
Total operating expenses 13,247,697 9,421,469 43,399,054 51,955,473 121,441,072
Other income / (expense):          
Unrealized gain / (loss) on notes payable – derivative 89,606 (9,713) (31,727) (9,603) 57,998
Other income / (expense), net 672 213 2,774 (135) 26,480
Total other income / (expense) 90,278 (9,500) (28,953) (9,738) 104,800
Net income / (loss) for the period, before taxes (301,544) 397,454 329,783 244,428 (844,420)
Income tax expense / (benefit) (6,112) 9,327 (16,939) 15,914 (28,291)
Net income / (loss) $ (295,432) $ 388,127 $ 346,722 $ 228,514 $ (816,129)