Strategy Sees Q4 Trading Revenue Drop, Galaxy Digital Posts Impairments
Strategy’s digital asset trading revenue fell by double-digit percentage in Q4, driven by subdued institutional inflows and low volatility. Galaxy Digital recorded sizable impairment charges on token holdings, widening its net loss year-over-year.
1. Strategy Reports Digital Trading Revenue Decline
Strategy’s fourth-quarter digital asset trading division posted a double-digit revenue drop as institutional inflows slowed and market volatility remained low. Management flagged a pullback in high-frequency trading activity and tighter spreads as key headwinds.
2. Galaxy Digital Records Impairment Charges Weigh on Net Income
Galaxy Digital booked significant impairment charges on its token inventory during Q4, expanding its net loss compared with the prior-year quarter. The firm highlighted challenges in asset valuation amid uneven price swings and reduced market depth.