Galaxy Digital Capital Management GP LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed March 24, 2026), Galaxy Digital Capital Management GP LLC reported 27 stock positions worth $102.4 million . Its top holding was Core Scientific (CORZ) at 18.5% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 10.8% ) and Riot Platforms (RIOT, 8.3% ). Compared with Q2 2025, it opened 8 new positions, sold out of 5, added to 15 and reduced 4. The biggest buy was Cleanspark (CLSK, shares +177% ) and the biggest sale an exit from Iren (IREN).
Location NEW YORK, NY
CIK 0002118292
Portfolio Value $102.4M (Q3 2025) Holdings 27 stocks · $102.4M 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 Q2 2025 CORZ Core Scientific Inc. 1,057,317 $19.0M Add +12.6% IBIT iShares Bitcoin Trust ETF 170,223 $11.1M Add +1.2% RIOT Riot Platforms Inc. 446,294 $8.5M Add +1.5% CLSK Cleanspark Inc. 478,314 $6.9M Add +176.9% BITF Bitfarms Ltd./Canada 1,704,529 $4.8M Reduce -43.8% CIFR Cipher Digital Inc. 307,430 $3.9M Reduce -55.3% VRT Vertiv Holdings Co. Class A 23,921 $3.6M Add +5.0% JPM JPMorgan Chase & Co. 10,835 $3.4M Add +4.3% MU Micron Technology Inc. 20,424 $3.4M New AMAT Applied Materials Inc. 16,484 $3.4M New TSM Taiwan Semiconductor-SP ADR 10,172 $2.8M Add +13.1% MA Mastercard Inc. Class A 4,885 $2.8M Add +3.6% V Visa Inc. Class A 7,658 $2.6M Add +3.2% BLK BlackRock Inc. 2,185 $2.5M Add +28.4% HOOD Robinhood Markets Inc. Class A 17,693 $2.5M Reduce -57.4% SOLZ Solana ETF 113,746 $2.5M New MS Morgan Stanley 15,205 $2.4M Add +1.3% GOOGL Alphabet Inc. Class A 9,552 $2.3M Reduce -40.8% ETOR Etoro Group Ltd. Class A 48,312 $2.0M Add +48.7% ETHA iShares Ethereum Trust ETF 62,699 $2.0M New POWL Powell Industries Inc. 5,828 $1.8M New COIN Coinbase Global Inc. Class A 5,148 $1.7M Add +10.7% FOUR SHIFT4 Payments Inc. Class A 21,783 $1.7M New LRCX Lam Research Corp. 11,443 $1.5M Add +9.5% WLAC Willow Lane Acquisition Class A 125,604 $1.5M New META Meta Platforms Inc. Class A 1,427 $1.0M Add +10.4% FIGR Figure Technology Solut Class A 18,556 $675K New
Options reported separately and not counted above: RIOT puts ($5.3M), IBIT puts ($4.2M), IREN puts ($4.1M), CIFR puts ($3.0M), VRT puts ($2.8M), JPM puts ($2.7M), MA puts ($2.2M), TSM puts ($2.2M), MU puts ($2.1M), GOOGL puts ($1.9M), MS puts ($1.9M), BLK puts ($1.7M), and 1 more.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ IREN Iren Ltd. Sold out 0.00% −7.39 COHR Coherent Corp. Sold out 0.00% −2.63 HOOD Robinhood Markets Inc. Class A Reduce -57.4% 2.47% −2.39 WDC Western Digital Corp. Sold out 0.00% −2.15 GOOGL Alphabet Inc. Class A Reduce -40.8% 2.27% −1.29 ONTO Onto Innovation Inc. Sold out 0.00% −1.00 XYZ Block Inc. Sold out 0.00% −0.97 CIFR Cipher Digital Inc. Reduce -55.3% 3.78% −0.33 BITF Bitfarms Ltd./Canada Reduce -43.8% 4.69% +1.51
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ CLSK Cleanspark Inc. Add +176.9% 6.77% +4.39 MU Micron Technology Inc. New 3.34% +3.34 AMAT Applied Materials Inc. New 3.30% +3.30 SOLZ Solana ETF New 2.46% +2.46 RIOT Riot Platforms Inc. Add +1.5% 8.29% +2.08 ETHA iShares Ethereum Trust ETF New 1.93% +1.93 POWL Powell Industries Inc. New 1.73% +1.73 FOUR SHIFT4 Payments Inc. Class A New 1.65% +1.65 WLAC Willow Lane Acquisition Class A New 1.42% +1.42 FIGR Figure Technology Solut Class A New 0.66% +0.66 BLK BlackRock Inc. Add +28.4% 2.49% +0.26 TSM Taiwan Semiconductor-SP ADR Add +13.1% 2.77% +0.23 LRCX Lam Research Corp. Add +9.5% 1.50% +0.22 VRT Vertiv Holdings Co. Class A Add +5.0% 3.52% −0.13 META Meta Platforms Inc. Class A Add +10.4% 1.02% −0.17 MS Morgan Stanley Add +1.3% 2.36% −0.28 COIN Coinbase Global Inc. Class A Add +10.7% 1.70% −0.34 JPM JPMorgan Chase & Co. Add +4.3% 3.34% −0.42 MA Mastercard Inc. Class A Add +3.6% 2.71% −0.60 V Visa Inc. Class A Add +3.2% 2.55% −0.74 ETOR Etoro Group Ltd. Class A Add +48.7% 1.95% −0.76 CORZ Core Scientific Inc. Add +12.6% 18.52% −1.52 IBIT iShares Bitcoin Trust ETF Add +1.2% 10.80% −2.06
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ CORZ Core Scientific Inc. put Sold out 541,700 $9.2Mbefore exit RIOT Riot Platforms Inc. put Add +3.1% 279,300 $5.3M IBIT iShares Bitcoin Trust ETF put Add +153.1% 65,300 $4.2M IREN Iren Ltd. put Reduce -74.6% 87,300 $4.1M CIFR Cipher Digital Inc. put New 234,400 $3.0M VRT Vertiv Holdings Co. Class A put Reduce -6.6% 18,400 $2.8M JPM JPMorgan Chase & Co. put Reduce -6.6% 8,500 $2.7M MA Mastercard Inc. Class A put New 3,800 $2.2M MU Micron Technology Inc. put New 12,500 $2.1M GOOGL Alphabet Inc. Class A put New 7,800 $1.9M MS Morgan Stanley put Reduce -9.8% 11,900 $1.9M ETOR Etoro Group Ltd. Class A put Sold out 27,900 $1.9Mbefore exit COHR Coherent Corp. put Sold out 20,300 $1.8Mbefore exit BLK BlackRock Inc. put New 1,500 $1.7M CLSK Cleanspark Inc. put Sold out 150,000 $1.7Mbefore exit WDC Western Digital Corp. put Sold out 23,100 $1.5Mbefore exit HOOD Robinhood Markets Inc. Class A put Reduce -67.5% 10,000 $1.4M COIN Coinbase Global Inc. Class A put Sold out 3,900 $1.4Mbefore exit LRCX Lam Research Corp. put Sold out 8,800 $857Kbefore exit META Meta Platforms Inc. Class A put Sold out 1,100 $812Kbefore exit XYZ Block Inc. put Sold out 10,000 $679Kbefore exit
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