In its recent management discussion and analysis filing for the quarter ending March 31, Galaxy said the largest contributor in the quarter to its $355 million in net realized gains on its digital assets came from sales of LUNA. Galaxy had previously said in its fourth-quarter earnings release that it held $407.6 million worth of LUNA as of Dec. 31.
Galaxy Digital Investors’ Concerns About LUNA Exposure Are Overblown, Says BTIG
