- Galaxy Digital Inc. reports holding roughly $34.4 million worth of XRP
- The company’s financial report in December last year showed no XRP holdings, meaning that in half a year, Galaxy Digital acquired over 15 million XRP tokens
- More companies are now disclosing XRP holdings in SEC filings, including Flora Growth, Hyperscale Data, Webus International, and several others
According to a newly published SEC filing (Form 10-Q) for the quarter ending June 30, 2025, Galaxy Digital Inc. reports holding roughly $34.4 million worth of XRP.
The filing also revealed big shifts in Galaxy’s overall digital asset allocation compared to Q1, including increased Bitcoin exposure and reduced ETH and XRP holdings.
To be more precise, Bitcoin holdings increased to 17,102 BTC (approximately $1.8 billion), up from earlier quarter levels. Ethereum holdings decreased to 90,521 ETH from 155,026 ETH in Q1, and XRP exposure decreased slightly to 15.4 million tokens, down from 16.9 million.
Still, it’s interesting to note that the company’s financial report in December last year showed no XRP holdings, meaning that in half a year, Galaxy Digital acquired over 15 million XRP tokens.
Thanks to big gains in Bitcoin, Galaxy’s crypto investments grew by about 40% in just one quarter, bringing the total value to roughly $1.2 billion.
In general, Galaxy turned profitable with $30.7 million in net income, a sharp turnaround from a $125.6 million loss in Q2 2024. On the other hand, operating profits reached $395 million.
The firm completed a major internal reorganization in May 2025 and began trading on Nasdaq under the ticker GLXY. Additionally, Galaxy Digital is exploring tokenizing its class A shares in partnership with Superstate Services, signaling a push into tokenized equity, which is an important step into compliant DeFi infrastructure.
Institutional interest in XRP
More companies are now disclosing XRP holdings in SEC filings, indicating growing trust after Ripple’s legal clarity. For instance, Flora Growth, Hyperscale Data, Webus International, and several others have disclosed XRP holdings in recent times.
It seems that Ripple’s improved regulatory position in the US has encouraged institutions to integrate XRP into their reserves or utilize it as a treasury asset.
With favorable rulings now offering clarity, some see XRP evolving into a treasury-use case asset similar to Bitcoin.
Intriguingly, in Galaxy Digital’s case, XRP acquisition isn’t the only noteworthy development, since the company also executed a $40.7 million Solana transfer to Binance, which points to strategic liquidity shifts.
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