Bitcoin News

Story: Bitcoin-Holding Firms May Have Peaked, Says Galaxy CEO Mike Novogratz

By Sakamoto Nashi

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"Peak Treasury Issuance" May Be Over. Speaking during Galaxy Digital’s second-quarter earnings call, Novogratz said that the trend of…

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Ethereum Treasury Firms Gaining Momentum. While Bitcoin-holding firms may be peaking, Ethereum appears to be gaining favor.

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Galaxy's Role in the Treasury Ecosystem. Galaxy Digital remains deeply embedded in the crypto treasury landscape.

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July: A Record Month. Reflecting on recent performance, Novogratz noted that July 2025 was the strongest month ever for…

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Tokenized Stock Offering on the Horizon. In line with its innovation-first approach, Galaxy has filed plans to issue tokenized versions of…

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Q2 Financial Performance: Solid but Below Expectations. Galaxy Digital posted a net income of $30.7 million for Q2 2025.

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Future Outlook: Strategic Depth Over Quantity. As the crypto sector matures, the emphasis appears to be shifting from accumulation to strategic…

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Galaxy Digital’s CEO, Mike Novogratz, believes the boom in Bitcoin-holding companies has reached its zenith, with future growth hinging on smart strategy rather than raw…

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The crypto landscape has evolved rapidly in recent years, with more firms than ever adding digital assets like Bitcoin and Ethereum to their balance sheets.

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Speaking during Galaxy Digital’s second-quarter earnings call, Novogratz said that the trend of companies being formed primarily to hold digital assets—particularly Bitcoin—has…

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“We’ve probably gone through peak treasury company issuance,” Novogratz remarked. “The question now is which of the existing companies will become monsters.”

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This insight marks a significant moment for the industry. Over the past few years, the model of treasury companies holding Bitcoin as a hedge against inflation or as a growth…

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While Bitcoin-holding firms may be peaking, Ethereum appears to be gaining favor. Novogratz pointed to two standout Ethereum-based treasury companies—BitMine, founded by Tom Lee,…

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However, he added a cautionary note for newcomers. “New entrants may have a harder time getting oxygen,” Novogratz warned, highlighting the challenges of standing out in an…

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Galaxy Digital remains deeply embedded in the crypto treasury landscape. The firm collaborates with more than 20 companies that hold digital assets in treasury, offering…

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