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GALAXY DIGITAL Galaxy Digital Announces Second Quarter 2021 Financial Results Partners ' Capital decreased 11 % in the quarter amidst pronounced digital asset price declines Counterparty trading volumes grew over 90 % in the quarter Gross counterparty loan originations grew over 130 % in the quarter Assets Under Management ( " AUM " ) ¹ increased 12 % in the quarter Investing in expansion through partnerships and key leadership hires NEW YORK , NEW YORK , August 16 , 2021- Galaxy Digital Holdings Ltd. ( TSX : GLXY ) ( " Galaxy Digital " the " Company " or " GDH Ltd. " ) today released financial results for the three and six months ended June 30 , 2021 for both itself and Galaxy Digital Holdings LP ( the " Partnership " or " GDH LP " ) . " While the second quarter included significant volatility and macro - related headwinds to near - term results , our core operating activities including providing liquidity and execution services for clients and counterparties , and our strategic investment portfolio , delivered another quarter of rapid growth consistent with the pace of adoption of the crypto economy , " said Michael Novogratz , Founder and CEO of Galaxy Digital . " Even with the broad - based digital asset market declines within the quarter , Galaxy again demonstrated strong counterparty trading volume growth and continues to add more blue - chip partnerships across the firm , most recently with Bloomberg and Goldman Sachs , " Mr. Novogratz added . Quarter - to - date Market and Company Updates , Third Quarter 2021 : Since the end of the second quarter , total cryptocurrency market capitalization has increased 33 % ² and institutional adoption trends have remained positive , reinforcing our long - term thesis about the value and growth potential of this asset class . Total value locked in decentralized ance ( or “ DeFi " ) for the sector has increased over 30 % quarter - to - date in the third quarter 2021³ . The 2021 Fidelity Digital Assets Institutional Investor Study in July showed 71 % of institutions expect to invest in digital assets in the future , and 91 % of those expecting to invest believe it will be part of portfolios within the next five years . The Company continues to invest to drive growth through ongoing product launches across the platform , including the Galaxy Vision Hill Venture Fund - of - Funds I , the Galaxy Interactive Strategy , and the live launch of Prime Services for select clients . As of July 31 , 2021 , Galaxy Digital Asset Management reported preliminary AUM¹ that surpassed $ 1.6 billion . In June , the Company announced that it is serving as liquidity provider for Goldman Sachs ' Bitcoin futures block trades on the CME Group , as Goldman expands its cryptocurrency offering . The Company has now deployed over $ 52 million of strategic capital into 14 different NFT - related companies with direct investments and through Galaxy Interactive Fund strategies . Key recent hires to fuel expansion include Tim Grant as Head of Europe and Jennifer Lee as Chief People Officer . 1 AUM is inclusive of sub - advised funds , committed capital closed - end vehicles , seed investments by affiliates , and fund of fund products associated with the Vision Hill acquisition . Changes in AUM are generally the result of performance , contributions , and withdrawals . 2 Represents coinmarketcap.com total cryptocurrency market capitalization quoted price . 3 Represents total value locked in DeFi according to defipulse.com . Page 1 All figures are in U.S. Dollars unless otherwise noted .