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GOODWILL AND OTHER INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Galaxy Digital Holdings, LP  
Finite-Lived Intangible Assets [Line Items]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
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 Company recognized no impairment of Goodwill for the periods ended March 31, 2025 and March 31, 2024. All goodwill is allocated to the Digital Assets segment.
Other 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 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 
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
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 
The Company recognized no impairment of Goodwill for the years ended December 31, 2024, 2023 and 2022. All goodwill is allocated to the Digital Assets segment.
Other intangible assets
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.
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