Situational Awareness LP offloaded 2.7 million shares of Galaxy Digital after holding since Q4 2025 amid mixed earnings results.
Situational Awareness LP exited its full 2.7 million-share position in Galaxy Digital (NASDAQ:GLXY), first acquired in Q4 2025. The move follows Galaxy’s Q1 2026 GAAP net loss of $216 million, an improvement from the $482 million loss in Q4 2025 but still under pressure from industry-wide trading declines.
Adjusted EBITDA narrowed to a $188 million loss from $518 million in the prior quarter. Despite the headline loss, Galaxy’s Global Markets division reported a 3% sequential rise in adjusted gross profit to $31 million, while Asset Management saw $69 million in net organic inflows, stabilizing total assets under management at $5 billion.
Galaxy Digital operates in digital asset and data center infrastructure, with $3.2 billion in assets under stake. The sale by Situational Awareness contrasts with bullish arguments that core operations are outperforming past cyclical downturns.