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GALAXY DIGITAL Galaxy Digital Announces Third Quarter 2021 Financial Results Net comprehensive income¹ was $ 517 million ; $ 1.2 billion YTD through September 30th Preliminary quarter - to - date fourth quarter net comprehensive income¹ of ~ $ 400 million² Neal Katyal joins as Senior Advisor and Chair of newly - formed Advisory Board NEW YORK , NEW YORK , November 15 , 2021- Galaxy Digital Holdings Ltd. ( TSX : GLXY ) ( " Galaxy Digital " the " Company " or " GDH Ltd. " ) today released financial results for the three and nine months ended September 30 , 2021 for both itself and Galaxy Digital Holdings LP ( the " Partnership " or " GDH LP " ) . " As the cryptoeconomy continues to mature and adoption trends accelerate , driving both asset price increases and greater quantities of institutional capital into the space , I have never been more bullish about the future of our Company , " said Michael Novogratz , Founder and CEO of Galaxy Digital . " Our organic growth demonstrates our continued ability to capitalize on opportunities , with our net comprehensive income growing to $ 517 million from a net comprehensive income of $ 41.5 million in the prior year period . Year - to - date through November 12th , we have provided shareholders with approximately $ 1.6 billion in net comprehensive income , on the back of our strong operational and investing portfolio growth . We look forward to our U.S. listing and the close of our BitGo acquisition , which we now expect will occur in the first quarter 2022. " 1,2 Quarter - to - date Company and Market Updates for Fourth Quarter 2021 , through Friday , November 12th , 2021 Net comprehensive income¹ was approximately $ 400 million quarter - to - date , bringing Partners ' Capital to approximately $ 2.4 billion.² As of October 31 , 2021 , Galaxy Digital Asset Management reported preliminary AUM³ of $ 3.2 billion , including $ 325 million of committed capital raised for the second fund dedicated to the interactive sector in the Galaxy Interactive strategy , which now manages $ 650 million in total . Since the end of the third quarter , total cryptocurrency market capitalization has increased approximately 45 % 4 and institutional adoption trends have remained positive for both digital assets and the companies that support them , reinforcing our long - term thesis about the value and growth potential of this asset class . Total value locked in decentralized finance ( or " DeFi " ) for the sector has increased over 20 % quarter - to - date to $ 98 billion during the fourth quarter 2021.5 The Company has now deployed $ 62 million of strategic capital into 22 different NFT - related companies through direct investments and through Galaxy Interactive Fund strategies . The Company also directly purchased two NFTs from prominent collections . The Company continues to drive growth through ongoing product launches across the platform , including the launch of two passively managed ETFs focused on digital assets and blockchain ( Tickers : SATO and BLKC ) through a partnership with Invesco , and the launch of the GVH Market Neutral Fund of Funds , the third fund in the suite of Galaxy Vision Hill ( " GVH " ) products . In October 2021 our Investment Banking business ( " GDIB " ) acted as the exclusive advisor and sole placement agent on a $ 50 million capital raise for CoreWeave , a specialized cloud provider for both proprietary and client use cases across the digital asset , machine learning , and VFX rendering spaces . In November 2021 , GDIB advised on two M & A transactions which are expected to be announced shortly , and served as Digital Assets Advisor on a capital markets transaction which is expected to be announced this week . 1 Excluding non - controlling interests ( " NCI " ) . 2 Note : This quarter to date financial data is as of November 12 , 2021 , preliminary , unaudited and subject to change as management completes its year - end financial procedures and annual independent audit ; excluding non - controlling interests . 3 AUM is an internal estimate inclusive of a sub - advised fund , committed capital in a closed - end vehicle , and seed investments by affiliates . Changes in AUM are generally the result of performance , contributions , and withdrawals . 4 Represents coinmarketcap.com total cryptocurrency market capitalization quoted price . 5 Represents total value locked in DeFi according to defipulse.com . Page 1 All figures are in U.S. Dollars unless otherwise noted .