Galaxy Digital Capital Management GP LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed March 24, 2026), Galaxy Digital Capital Management GP LLC reported 28 stock positions worth $65.4 million . Its top holding was Core Scientific (CORZ) at 12.6% of the portfolio, followed by Micron Technology (MU, 9.4% ) and Cipher Digital (CIFR, 9.0% ). Compared with Q4 2024, it opened 6 new positions, sold out of 6, added to 3 and reduced 19. The biggest buy was a new position in Core Scientific (CORZ) and the biggest sale an exit from Strategy (MSTR).
Location NEW YORK, NY
CIK 0002118292
Portfolio Value $65.4M (Q1 2025) Holdings 28 stocks · $65.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 CORZ Core Scientific Inc. 1,140,915 $8.3M New MU Micron Technology Inc. 70,548 $6.1M Add +13.5% CIFR Cipher Digital Inc. 2,568,624 $5.9M Reduce -31.3% RIOT Riot Platforms Inc. 774,806 $5.5M Reduce -58.7% COIN Coinbase Global Inc. Class A 23,938 $4.1M Add +20.6% TSM Taiwan Semiconductor-SP ADR 17,616 $2.9M Reduce -46.5% CLSK Cleanspark Inc. 405,552 $2.7M Reduce -36.9% HOOD Robinhood Markets Inc. Class A 60,575 $2.5M Reduce -53.2% BLK BlackRock Inc. 2,428 $2.3M Add +47.0% XYZ Block Inc. 41,228 $2.2M Reduce -19.9% IREN Iren Ltd. filed as IREN LIMITED 348,959 $2.1M New VRT Vertiv Holdings Co. Class A 29,369 $2.1M Reduce -25.8% BITF Bitfarms Ltd./Canada 2,660,123 $2.1M New MS Morgan Stanley 14,389 $1.7M Reduce -46.1% V Visa Inc. Class A 4,473 $1.6M Reduce -62.9% COHR Coherent Corp. 23,634 $1.5M Reduce -46.8% MA Mastercard Inc. Class A 2,711 $1.5M Reduce -55.4% HUT Hut 8 Corp. 125,112 $1.5M New JPM JPMorgan Chase & Co. 5,749 $1.4M Reduce -63.8% AMD Advanced Micro Devices 12,189 $1.3M Reduce -46.9% WDC Western Digital Corp. 29,187 $1.2M Reduce -47.0% APLD Applied Digital Corp. 175,155 $984K New ONTO Onto Innovation Inc. 7,961 $966K Reduce -45.8% META Meta Platforms Inc. Class A 1,310 $755K Reduce -49.2% LRCX Lam Research Corp. 10,245 $745K New GOOGL Alphabet Inc. Class A 3,333 $515K Reduce -45.3% SNDK Sandisk Corp. 9,735 $463K Reduce -46.9% ETHA iShares Ethereum Trust ETF 31,790 $439K Reduce -78.4%
Options reported separately and not counted above: QQQ puts ($9.7M), BITO puts ($2.7M), MARA puts ($1.9M), AAPL puts ($1.7M), BABA puts ($1.3M), AMD puts ($1.1M), IBKR puts ($1.0M), NXPI puts ($1.0M), IBIT calls ($983K), KWEB calls ($778K), META puts ($634K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ MSTR Strategy Inc. Sold out 0.00% −9.62 WULF Terawulf Inc. Sold out 0.00% −5.81 RIOT Riot Platforms Inc. Reduce -58.7% 8.43% −5.58 CIFR Cipher Digital Inc. Reduce -31.3% 9.03% −3.65 NVDA Nvidia Corp. Sold out 0.00% −2.96 ETHA iShares Ethereum Trust ETF Reduce -78.4% 0.67% −2.04 INTC Intel Corp. Sold out 0.00% −1.70 CME Cme Group Inc. Sold out 0.00% −1.03 COHR Coherent Corp. Reduce -46.8% 2.35% −0.73 JPM JPMorgan Chase & Co. Reduce -63.8% 2.16% −0.62 WDC Western Digital Corp. Reduce -47.0% 1.80% −0.59 V Visa Inc. Class A Reduce -62.9% 2.40% −0.39 ONTO Onto Innovation Inc. Reduce -45.8% 1.48% −0.31 TSM Taiwan Semiconductor-SP ADR Reduce -46.5% 4.47% −0.28 CLSK Cleanspark Inc. Reduce -36.9% 4.17% −0.16 NRG NRG Energy Inc. Sold out 0.00% −0.15 AMD Advanced Micro Devices Reduce -46.9% 1.91% −0.11 MA Mastercard Inc. Class A Reduce -55.4% 2.27% −0.06 GOOGL Alphabet Inc. Class A Reduce -45.3% 0.79% −0.06 VRT Vertiv Holdings Co. Class A Reduce -25.8% 3.24% −0.05 META Meta Platforms Inc. Class A Reduce -49.2% 1.15% +0.05 SNDK Sandisk Corp. Reduce -46.9% 0.71% +0.07 MS Morgan Stanley Reduce -46.1% 2.57% +0.12 XYZ Block Inc. Reduce -19.9% 3.42% +0.23 HOOD Robinhood Markets Inc. Class A Reduce -53.2% 3.85% +0.33
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ CORZ Core Scientific Inc. New 12.63% +12.63 MU Micron Technology Inc. Add +13.5% 9.37% +5.55 IREN Iren Ltd. New 3.25% +3.25 BITF Bitfarms Ltd./Canada New 3.21% +3.21 COIN Coinbase Global Inc. Class A Add +20.6% 6.30% +2.70 BLK BlackRock Inc. Add +47.0% 3.51% +2.28 HUT Hut 8 Corp. New 2.22% +2.22 APLD Applied Digital Corp. New 1.50% +1.50 LRCX Lam Research Corp. New 1.14% +1.14
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 20,600 $9.7M TSM Taiwan Semiconductor-SP ADR put Sold out 30,200 $6.0Mbefore exit NVDA Nvidia Corp. put Sold out 28,300 $3.8Mbefore exit JPM JPMorgan Chase & Co. put Sold out 14,900 $3.6Mbefore exit V Visa Inc. Class A put Sold out 11,300 $3.6Mbefore exit MS Morgan Stanley put Sold out 25,000 $3.1Mbefore exit WDC Western Digital Corp. put Sold out 50,000 $3.0Mbefore exit MA Mastercard Inc. Class A put Sold out 5,600 $2.9Mbefore exit BITO Proshares Bitcoin ETF-Usd put New 145,800 $2.7M BTDR Bitdeer Technologies Group-A put Sold out 108,200 $2.3Mbefore exit MARA Mara Holdings Inc. put New 161,000 $1.9M AAPL Apple Inc. put New 7,600 $1.7M BLK BlackRock Inc. put Sold out 1,500 $1.5Mbefore exit BABA Alibaba Group Holding-SP ADR put New 9,900 $1.3M CME Cme Group Inc. put Sold out 5,500 $1.3Mbefore exit AMD Advanced Micro Devices put Reduce -48.8% 10,800 $1.1M GOOGL Alphabet Inc. Class A put Sold out 5,600 $1.1Mbefore exit IBKR Interactive Brokers Gro Class A put New 6,300 $1.0M NXPI NXP Semiconductors NV put New 5,400 $1.0M IBIT iShares Bitcoin Trust ETF call New 21,000 $983K KWEB Kranesh Csi China Internet call New 22,300 $778K META Meta Platforms Inc. Class A put Reduce -71.0% 1,100 $634K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 51 $166.8M V, RIOT, HOOD, CIFR, KEEL Q1 2026 39 $77.7M RIOT, CIFR, BITF, CLSK, DDOG Q4 2025 30 $79.5M CORZ, RIOT, CLSK, MU, BITF Q3 2025 27 $102.4M CORZ, IBIT, RIOT, CLSK, BITF Q2 2025 24 $80.0M CORZ, IBIT, IREN, RIOT, HOOD Q1 2025 28 $65.4M CORZ, MU, CIFR, RIOT, COIN Q4 2024 27 $136.9M RIOT, CIFR, MSTR, WULF, TSM