Galaxy Digital 發布令人印象深刻的收益，順應機構採用浪潮

Galaxy Digital (GLXY) 在 2023 年底表現強勁，其多元化業務領域顯著成長。管理資產（AUM）飆升至超過 100 億美元，較年底大幅上升，而股本則增至 21 億美元。該公司透過其獨特的加密貨幣特定大宗經紀產品 Galaxy One 專注於機構交易，被視為奪取市場份額的關鍵驅動力。

Galaxy Digital Reports Robust Performance, Boosted by Institutional Trading Focus

Galaxy Digital 報告表現強勁，機構交易重點推動

New York, NY - March 8, 2023 - Galaxy Digital Holdings Ltd. (TSX: GLXY), the crypto financial services firm founded by Michael Novogratz, has concluded 2023 with a solid financial performance, driven by strong operating results across its diversified business lines.

紐約州紐約- 2023 年3 月8 日- 由Michael Novogratz 創立的加密貨幣金融服務公司Galaxy Digital Holdings Ltd.（多倫多證券交易所代碼：GLXY）在其多元化業務線強勁的運營業績的推動下，以穩健的財務表現結束了2023 年。

In a research report published Wednesday, analyst Joseph Vafi of Canaccord Genuity highlighted several positive developments for Galaxy Digital. Notably, the firm experienced a substantial increase in assets under management (AUM), rising from year-end levels to over $10 billion. Equity capital also grew significantly, climbing to $2.1 billion from approximately $1.5 billion at the end of the third quarter.

在周三發布的一份研究報告中，Canaccord Genuity 的分析師 Joseph Vafi 強調了 Galaxy Digital 的一些積極進展。值得注意的是，該公司的管理資產 (AUM) 大幅增加，從年末水準升至超過 100 億美元。股本也大幅成長，從第三季末的約 15 億美元攀升至 21 億美元。

Galaxy Digital's income before tax for the quarter-to-date period stood at approximately $300 million. "It is important to note that Galaxy continues to evolve its business model, with a focus on institutional trading," stated Vafi. "We were pleased to see further maturation and rollout of the company's unique crypto-specific prime brokerage product, Galaxy One."

Galaxy Digital 本季迄今的稅前收入約為 3 億美元。 「值得注意的是，銀河繼續發展其商業模式，重點是機構交易，」瓦菲說。 “我們很高興看到該公司獨特的加密貨幣大宗經紀產品 Galaxy One 的進一步成熟和推出。”

Canaccord analysts believe that Galaxy One's continued development will be instrumental in capturing market share as traditional asset managers seek exposure to cryptocurrencies. The crypto firm's deepened relationship with the FTX estate has also contributed to a material increase in AUM within its asset management unit since year-end. As FTX liquidates its digital assets at spot prices, the firm anticipates higher AUM will translate to increased trading revenue over time.

Canaccord 分析師認為，隨著傳統資產管理公司尋求涉足加密貨幣，Galaxy One 的持續發展將有助於佔領市場份額。自年底以來，這家加密貨幣公司與 FTX 產業的加深關係也導致其資產管理部門的 AUM 大幅增加。隨著 FTX 以現貨價格清算其數位資產，該公司預計隨著時間的推移，更高的 AUM 將轉化為交易收入的增加。

Galaxy Digital's exchange-traded fund (ETF) strategy continues to provide tailwinds. Canaccord highlights the company's collaborations with European partner DWS for the launch of bitcoin and ether ETFs, as well as the gradual ramp-up of the U.S. bitcoin ETF with partner Invesco.

Galaxy Digital 的交易所交易基金 (ETF) 策略繼續提供推動力。 Canaccord 強調了該公司與歐洲合作夥伴 DWS 合作推出比特幣和以太坊 ETF，以及與合作夥伴景順 (Invesco) 逐步推出的美國比特幣 ETF。

Based on these positive indicators, Canaccord maintains its "buy" rating on Galaxy Digital shares with an unchanged price target of C$17 ($12). Galaxy Digital's share price closed at C$13.46 on Wednesday, providing investors with a potential upside to the target price.

基於這些積極指標，Canaccord 維持 Galaxy Digital 股票的「買入」評級，目標價不變為 17 加幣（12 美元）。 Galaxy Digital 股價週三收在 13.46 加元，為投資者提供了目標價的潛在上漲空間。

The strong end to 2023 and positive commentary from Canaccord Genuity suggest that Galaxy Digital is well-positioned to capitalize on the growing institutional interest in cryptocurrencies. The firm's focus on institutional trading, coupled with its diversified business lines, provides a solid foundation for continued financial performance and market growth in the years to come.

2023 年的強勁表現和 Canaccord Genuity 的積極評論表明 Galaxy Digital 處於有利位置，可以利用機構對加密貨幣日益增長的興趣。該公司對機構交易的關注，加上其多元化的業務線，為未來幾年持續的財務表現和市場成長奠定了堅實的基礎。