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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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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:
|  | 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, 2024 |  | December 31, 2023 |  |  |  |  |  |
Software technology(1) |  | $ | 40,508 |  |  | $ | 38,895 |  |  |  |  |  |  |
Other purchased defined-life intangible assets |  | 13,701 |  |  | 6,062 |  |  |  |  |  |  |
Indefinite-lived intangible asset |  | 1,761 |  |  | 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 |
2026 |  | 8,549 |
2027 |  | 5,624 |
2028 |  | 4,306 |
2029 and beyond |  | 403 |
Total future amortization expense |  | $ | 35,590 |

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