Galaxy Digital's 2025 Loss: SOL Bear Market

Galaxy Digital, a digital assets and artificial intelligence infrastructure company, reported a net loss of 241 million dollars in 2025; it alone suffered a 482 million dollar loss in the fourth quarter. The losses stemmed from the decline in cryptocurrency prices.

Galaxy Digital's Bitcoin Price Decline Losses

The losses mentioned in the company's quarterly report were primarily associated with the 20% drop in Bitcoin (BTC) price. Annual losses were contributed to by low digital asset prices and approximately 160 million dollars in one-time costs.

CEO Novogratz: BTC, ETH, and SOL in Bear Cycle

CEO Michael Novogratz stated in the shareholder update that coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are in a bear market, pointing to the sector's natural cycle. These comments align with Vitalik Buterin's recent statements emphasizing scalability issues in the original vision for L2s; while the ETH ecosystem is under pressure, SOL is also giving downtrend signals.

Solana (SOL) Current Technical Analysis

SOL is currently trading at 97.75 dollars, down -6.35% in 24 hours. RSI 27.15 (Oversold), Supertrend bearish, above EMA 20: 119.52. Supports: S1 95.95 (strong, 83% score), S2 66.20 (medium). Resistances: R1 108.35 (strong), R2 99.82. SOL futures reflect bearish pressure.

Galaxy's Cash Strength and AI Data Center

Nevertheless, Galaxy Digital reported adjusted gross profit of 426 million dollars for 2025; at year-end, it held 2.6 billion dollars in cash and stablecoins along with 12 billion dollars in total platform assets. The asset management arm recorded 2 billion dollars in net inflows. The company accelerated its artificial intelligence data center plans in Texas and received approval for 1.6 gigawatt capacity. Its Nasdaq-listed (GLXY) shares fell 15% on Tuesday to 22.48 dollars. Other crypto companies reported: SoFi Technologies 1 billion dollars in revenue in the fourth quarter, Securitize Holdings an 840% revenue increase up to September.