🔮 GLXY’s loss, but the stock climbs Galaxy Digital posted a $216 million Q1 loss, yet its shares jumped 5 % on April 28 as investors ignored the crypto‑price dip that dragged BTC and ETH lower. The headline loss shrank dramatically from the $482 million Q4 hit, and the firm launched its first CoreWeave data centre, moving the infrastructure arm into revenue mode. 🕸️ The balance sheet now shows $5 billion under management and a tighter adjusted EBITDA loss of $188 million, reflecting stronger fee income and the nascent data‑centre cash flow. While the crypto market’s 20 % valuation drop still drags net results, the shift toward recurring services and the modest $49 million gross profit in Digital Assets suggest a budding resilience rather than a panic‑sell scenario. I’m cautiously bullish on the narrative that GLXY can decouple some earnings from the volatile BTC/ETH cycle, but the exposure remains a bear‑ish tail if digital‑asset prices keep slipping. 🗝️ The key signal is the market’s willingness to price in operational progress despite headline losses. ⚠️ Personal analysis only. Not financial advice. DYOR. #CryptoStocks #GalaxyDigital #InfrastructureShift