- Galaxy Digital stuns investors with strategic $34M XRP acquisition shift
- Corporate interest in XRP grows as major firms disclose holdings
- Bitcoin surge boosts Galaxy Digital’s portfolio, XRP acquisition grabs attention.
In a bold move that has sent shockwaves through the crypto market, Galaxy Digital Inc. revealed it now holds $34.4 million worth of XRP, as disclosed in its latest SEC filing for the quarter ending June 30, 2025.
This marks a significant shift in the company’s digital asset portfolio, as it also increased its Bitcoin holdings while reducing exposure to both Ethereum and XRP.
The latest filing shows Galaxy Digital now holds 17,102 BTC, valued at approximately $1.8 billion, an increase from the previous quarter. In contrast, Ethereum holdings dropped sharply, falling from 155,026 ETH to 90,521 ETH. Meanwhile, XRP holdings saw a slight decrease to 15.4 million tokens, down from 16.9 million in the first quarter of the year.
Also Read: Ripple’s Bold Move: Launching a Trust Bank to Revolutionize Digital Finance!
What has caught investors’ attention is Galaxy Digital’s sudden acquisition of XRP. The company’s financial report from December 2024 revealed no XRP holdings, yet by mid-2025, it had accumulated over 15 million XRP tokens.
This sharp move in such a short time frame has many wondering about the company’s long-term strategy for the digital asset.
The boost in Bitcoin holdings, combined with the surge in crypto market values, led to a 40% increase in Galaxy Digital’s crypto portfolio in just one quarter. As a result, the total value of its digital assets rose to approximately $1.2 billion.
Financially, Galaxy Digital has seen a remarkable turnaround, reporting $30.7 million in net income, reversing a $125.6 million loss from Q2 2024. Operating profits for the quarter reached $395 million.
Growing Corporate Adoption of XRP Seen in Recent SEC Filings
Corporate adoption of XRP continues to gain momentum, as several major firms have disclosed strategic investments in the token. Pro-Ripple lawyer Bill Morgan highlighted key findings from recent SEC filings, indicating a surge in interest for XRP as a balance sheet asset.
Notably, Flora Growth Corp. revealed its holdings in XRP, alongside Ethereum and Solana, purchased to strengthen its financial position. Similarly, Hyperscale Data Inc. disclosed XRP in its digital asset portfolio and plans to publish monthly updates on its holdings.
Furthermore, Ault Capital Group, a subsidiary of Hyperscale, aims to acquire up to $10 million in XRP to support cross-border settlements and decentralized financial services.
Institutional Interest in XRP Surges Amid Ripple’s Legal Clarity
Galaxy Digital’s XRP acquisition comes at a time of rising institutional interest in the token, largely spurred by Ripple’s favorable legal rulings in the United States. More and more companies are adding XRP to their balance sheets, with some viewing it as a viable treasury asset, similar to Bitcoin.
Galaxy also made waves by transferring $40.7 million worth of Solana to Binance, signaling a shift in liquidity and asset strategy. This move, combined with the XRP acquisition, suggests that Galaxy Digital is recalibrating its portfolio to align with emerging market trends and capitalize on new opportunities in the digital asset space.
Galaxy Digital’s strategic shift reflects growing confidence in XRP and the broader cryptocurrency market. The company’s recent actions point to an evolving strategy that could reshape its digital asset holdings and investment approach in the coming quarters.
