- Galaxy Digital added 15.39M XRP worth $34.4M—its first-ever position in the token.
- XRP holdings peaked at $56.3M before retracing, but the firm remains in profit.
- Total digital assets rose to $3.56B, with strong exposure to Bitcoin, DeFi, and altcoins.
Galaxy Digital just made a loud move—and it’s paying off. For the first time ever, they’ve added XRP to their portfolio, snatching up 15.39 million tokens worth about $34.4 million. That’s a pretty bold shift for a firm that didn’t even touch XRP six months ago. According to their latest SEC filing, the purchase came at a cost basis of $2.18 per token. At one point, that bet ballooned to $56.3M when XRP hit $3.66. Not bad.
But it wasn’t just a one-asset play. By the end of Q2 2025, Galaxy’s total crypto stash had jumped to $3.56 billion. Even with a slight drop in XRP’s price (down to $2.93 by filing time), their holdings still sit comfortably around $45 million. It’s a win—especially compared to the $2.93B they were holding at the end of 2024.
XRP Joins the Big Leagues in Galaxy’s Portfolio
Before this? Galaxy wasn’t touching XRP. Zero holdings back in December 2024. But something shifted—maybe price action, maybe confidence in Ripple’s legal standing. Either way, they went in. And they didn’t go small. $33.6 million in historical cost says this was deliberate, not just some test buy.
As the price rose, so did the value of their position, peaking mid-2025 before cooling a bit. Still, they’re in the green. And more importantly, it shows Galaxy’s open to expanding beyond their usual suspects like Bitcoin and Ethereum. They’re not just stacking sats anymore—they’re diversifying in a big way.
Bitcoin Still the Backbone
Of course, XRP might be the new kid on the block, but Bitcoin still runs the show. Galaxy added over 4,000 BTC between Q1 and Q2—jumping from 13,704 to 17,102 BTC. At current prices, that’s about $1.95B worth of Bitcoin. Yep, still the heavyweight.
Ethereum, Solana, and USDC also have decent spots: $225M, $170M, and $263M respectively. Altogether, they’re spreading risk across high-conviction plays while keeping their crypto warchest growing. This isn’t passive investing—it’s strategy with teeth.
DeFi Bets Show Where They’re Headed
Now here’s where it gets more interesting—Galaxy’s not just holding tokens. They’ve got major exposure to DeFi projects too. A full 34% of their digital asset exposure is tied to Coinbase, another 15% to Aave, and 13% to Kamino. These aren’t random picks. They show Galaxy’s leaning heavily into the DeFi infrastructure layer.
They’ve pivoted from last year’s DeFi bets like MakerDAO and Sky DAO, and that says a lot about how fast this space shifts. Still, the bet on decentralized finance isn’t going anywhere. It’s a sign Galaxy sees long-term value where others still see risk.
