Galaxy Digital Inc. has announced that it currently holds $34.4 million worth of XRP. This statement has sparked significant interest among investors in the cryptocurrency market.
Strategic Changes in Galaxy Digital's Portfolio
According to the latest SEC filing covering the quarter ending June 30, 2025, Galaxy Digital has increased its investments in Bitcoin while reducing exposures to Ethereum and XRP. The Bitcoin holdings now total 17,102 BTC, valued at approximately $1.8 billion. Meanwhile, Ethereum holdings decreased from 155,026 ETH to 90,521 ETH, and XRP holdings declined from 16.9 million to 15.4 million tokens.
Growing Corporate Interest in XRP
Recently, corporate interest in XRP has surged. Companies such as Flora Growth Corp. and Hyperscale Data Inc. have disclosed their investments in XRP, highlighting its growing popularity as a balance sheet asset. Pro-Ripple lawyer Bill Morgan noted that such investments are increasingly being reported in SEC filings.
Institutional Interest in XRP and Ripple's Legal Clarity
Galaxy Digital’s XRP acquisition comes at a time of rising institutional interest, largely spurred by favorable legal rulings regarding Ripple in the U.S. Additionally, Galaxy Digital transferred $40.7 million worth of Solana to Binance, indicating a reevaluation of their liquidity strategy.
Galaxy Digital's strategic shift reflects growing confidence in XRP and the cryptocurrency market's potential. These changes in the portfolio could significantly impact the company’s investment strategy in the coming quarters.
