Galaxy Digital Capital Management GP LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 24, 2026), Galaxy Digital Capital Management GP LLC reported 30 stock positions worth $79.5 million . Its top holding was Core Scientific (CORZ) at 14.4% of the portfolio, followed by Riot Platforms (RIOT, 9.9% ) and Cleanspark (CLSK, 6.5% ). Compared with Q3 2025, it opened 6 new positions, sold out of 3, added to 4 and reduced 20. The biggest buy was Alphabet Class A (GOOGL, shares +43% ) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −86% ).
Location NEW YORK, NY
CIK 0002118292
Portfolio Value $79.5M (Q4 2025) Holdings 30 stocks · $79.5M 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 Q3 2025 CORZ Core Scientific Inc. 784,540 $11.4M Reduce -25.8% RIOT Riot Platforms Inc. 619,438 $7.8M Add +38.8% CLSK Cleanspark Inc. 506,746 $5.1M Add +5.9% MU Micron Technology Inc. 16,871 $4.8M Reduce -17.4% BITF Bitfarms Ltd./Canada 1,885,728 $4.4M Add +10.6% CIFR Cipher Digital Inc. 297,751 $4.4M Reduce -3.1% GOOGL Alphabet Inc. Class A 13,674 $4.3M Add +43.1% VRT Vertiv Holdings Co. Class A 20,803 $3.4M Reduce -13.0% TSM Taiwan Semiconductor-SP ADR 8,531 $2.6M Reduce -16.1% AMAT Applied Materials Inc. 8,500 $2.2M Reduce -48.4% JPM JPMorgan Chase & Co. 6,693 $2.2M Reduce -38.2% BLK BlackRock Inc. 1,818 $1.9M Reduce -16.8% V Visa Inc. Class A 5,047 $1.8M Reduce -34.1% MA Mastercard Inc. Class A 3,085 $1.8M Reduce -36.9% MS Morgan Stanley 9,778 $1.7M Reduce -35.7% SNDK Sandisk Corp. 7,112 $1.7M New HOOD Robinhood Markets Inc. Class A 14,630 $1.7M Reduce -17.3% MELI MercadoLibre Inc. 780 $1.6M New POWL Powell Industries Inc. 4,807 $1.5M Reduce -17.5% ETOR Etoro Group Ltd. Class A 40,103 $1.4M Reduce -17.0% LRCX Lam Research Corp. 8,184 $1.4M Reduce -28.5% WULF Terawulf Inc. 116,373 $1.3M New WLAC Willow Lane Acquisition Class A 105,296 $1.3M Reduce -16.2% ADBE Adobe Inc. 3,768 $1.3M New HUT Hut 8 Corp. 28,193 $1.3M New SOLZ Solana ETF 94,211 $1.2M Reduce -17.2% IBIT iShares Bitcoin Trust ETF 23,650 $1.2M Reduce -86.1% ETHA iShares Ethereum Trust ETF 51,788 $1.2M Reduce -17.4% NVT Nvent Electric PLC 8,942 $912K New FIGR Figure Technology Solut Class A 15,410 $629K Reduce -16.9%
Options reported separately and not counted above: JPM puts ($1.6M), RIOT puts ($1.6M), V puts ($1.3M), MS puts ($1.3M), MA puts ($1.3M), MU puts ($1.2M), BITF puts ($1.1M), CLSK puts ($1.0M), GOOGL puts ($1.0M), CIFR puts ($886K), AMAT puts ($874K), VRT puts ($810K), and 5 more.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ IBIT iShares Bitcoin Trust ETF Reduce -86.1% 1.48% −9.33 CORZ Core Scientific Inc. Reduce -25.8% 14.38% −4.15 COIN Coinbase Global Inc. Class A Sold out 0.00% −1.70 FOUR SHIFT4 Payments Inc. Class A Sold out 0.00% −1.65 META Meta Platforms Inc. Class A Sold out 0.00% −1.02 SOLZ Solana ETF Reduce -17.2% 1.51% −0.95 JPM JPMorgan Chase & Co. Reduce -38.2% 2.71% −0.62 AMAT Applied Materials Inc. Reduce -48.4% 2.75% −0.55 MA Mastercard Inc. Class A Reduce -36.9% 2.22% −0.50 ETHA iShares Ethereum Trust ETF Reduce -17.4% 1.46% −0.47 HOOD Robinhood Markets Inc. Class A Reduce -17.3% 2.08% −0.39 V Visa Inc. Class A Reduce -34.1% 2.23% −0.33 MS Morgan Stanley Reduce -35.7% 2.18% −0.18 ETOR Etoro Group Ltd. Class A Reduce -17.0% 1.77% −0.17 BLK BlackRock Inc. Reduce -16.8% 2.45% −0.04 FIGR Figure Technology Solut Class A Reduce -16.9% 0.79% +0.13 POWL Powell Industries Inc. Reduce -17.5% 1.93% +0.19 WLAC Willow Lane Acquisition Class A Reduce -16.2% 1.68% +0.25 LRCX Lam Research Corp. Reduce -28.5% 1.76% +0.27 TSM Taiwan Semiconductor-SP ADR Reduce -16.1% 3.26% +0.49 VRT Vertiv Holdings Co. Class A Reduce -13.0% 4.24% +0.72 CIFR Cipher Digital Inc. Reduce -3.1% 5.53% +1.75 MU Micron Technology Inc. Reduce -17.4% 6.06% +2.72
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ GOOGL Alphabet Inc. Class A Add +43.1% 5.39% +3.12 SNDK Sandisk Corp. New 2.12% +2.12 MELI MercadoLibre Inc. New 1.98% +1.98 WULF Terawulf Inc. New 1.68% +1.68 ADBE Adobe Inc. New 1.66% +1.66 HUT Hut 8 Corp. New 1.63% +1.63 RIOT Riot Platforms Inc. Add +38.8% 9.88% +1.58 NVT Nvent Electric PLC New 1.15% +1.15 BITF Bitfarms Ltd./Canada Add +10.6% 5.58% +0.88 CLSK Cleanspark Inc. Add +5.9% 6.45% −0.32
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ IBIT iShares Bitcoin Trust ETF put Sold out 65,300 $4.2Mbefore exit IREN Iren Ltd. put Sold out 87,300 $4.1Mbefore exit JPM JPMorgan Chase & Co. put Reduce -41.2% 5,000 $1.6M RIOT Riot Platforms Inc. put Reduce -55.2% 125,200 $1.6M V Visa Inc. Class A put New 3,700 $1.3M MS Morgan Stanley put Reduce -38.7% 7,300 $1.3M MA Mastercard Inc. Class A put Reduce -42.1% 2,200 $1.3M MU Micron Technology Inc. put Reduce -66.4% 4,200 $1.2M BITF Bitfarms Ltd./Canada put New 456,100 $1.1M CLSK Cleanspark Inc. put New 103,500 $1.0M GOOGL Alphabet Inc. Class A put Reduce -57.7% 3,300 $1.0M CIFR Cipher Digital Inc. put Reduce -74.4% 60,000 $886K AMAT Applied Materials Inc. put New 3,400 $874K VRT Vertiv Holdings Co. Class A put Reduce -72.8% 5,000 $810K TSM Taiwan Semiconductor-SP ADR put Reduce -72.7% 2,100 $638K MARA Mara Holdings Inc. put New 67,000 $602K LRCX Lam Research Corp. put New 3,300 $565K BLK BlackRock Inc. put Reduce -66.7% 500 $535K HOOD Robinhood Markets Inc. Class A put Reduce -64.0% 3,600 $407K
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