Galaxy Digital Capital Management GP LLC

NEW YORK, NY · CIK 2118292 · 13F filing filed 2026-03-24

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$79.5m reported value -22.4% vs Q3 2025

30positions

63.5%in top 10

6 new 4 added 20 reduced 3 sold out vs Q3 2025

Options: 0 call positions (— notional), 17 put positions ($16.7m notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Galaxy Group Investments LLC – files its own report too; $2.3m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	784,540	$11.4m14.38%	14.38%	Reduced -272.8k	-272,777 -25.8%
2	RIOT PLATFORMS INC COM RIOT	RIOT	619,438	$7.8m9.88%	9.88%	Added +173.1k	+173,144 38.8%
3	CLEANSPARK INC COM NEW CLSK	CLSK	506,746	$5.1m6.45%	6.45%	Added +28.4k	+28,432 5.9%
4	MICRON TECHNOLOGY INC COM MU	MU	16,871	$4.8m6.06%	6.06%	Reduced -3.6k	-3,553 -17.4%
5	BITFARMS LTD COM BITF	BITF	1,885,728	$4.4m5.58%	5.58%	Added +181.2k	+181,199 10.6%
6	CIPHER MINING INC COM CIFR	CIFR	297,751	$4.4m5.53%	5.53%	Reduced -9.7k	-9,679 -3.1%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,674	$4.3m5.39%	5.39%	Added +4.1k	+4,122 43.1%
8	VERTIV HOLDINGS CO COM CL A VRT	VRT	20,803	$3.4m4.24%	4.24%	Reduced -3.1k	-3,118 -13.0%
9	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	8,531	$2.6m3.26%	3.26%	Reduced -1.6k	-1,641 -16.1%
10	APPLIED MATLS INC COM AMAT	AMAT	8,500	$2.2m2.75%	2.75%	Reduced -8.0k	-7,984 -48.4%
11	JPMORGAN CHASE & CO COM JPM	JPM	6,693	$2.2m2.71%	2.71%	Reduced -4.1k	-4,142 -38.2%
12	BLACKROCK INC COM BLK	BLK	1,818	$1.9m2.45%	2.45%	Reduced -367	-367 -16.8%
13	VISA INC COM CL A V	V	5,047	$1.8m2.23%	2.23%	Reduced -2.6k	-2,611 -34.1%
14	MASTERCARD INCORPORATED CL A MA	MA	3,085	$1.8m2.22%	2.22%	Reduced -1.8k	-1,800 -36.9%
15	MORGAN STANLEY COM NEW MS	MS	9,778	$1.7m2.18%	2.18%	Reduced -5.4k	-5,427 -35.7%
16	SANDISK CORP COM SNDK	SNDK	7,112	$1.7m2.12%	2.12%	New
17	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	14,630	$1.7m2.08%	2.08%	Reduced -3.1k	-3,063 -17.3%
18	MERCADOLIBRE INC COM MELI	MELI	780	$1.6m1.98%	1.98%	New
19	POWELL INDS INC COM POWL	POWL	4,807	$1.5m1.93%	1.93%	Reduced -1.0k	-1,021 -17.5%
20	ETORO GROUP LTD SHS CL A ETOR	ETOR	40,103	$1.4m1.77%	1.77%	Reduced -8.2k	-8,209 -17.0%
21	LAM RESEARCH CORP COM NEW LRCX	LRCX	8,184	$1.4m1.76%	1.76%	Reduced -3.3k	-3,259 -28.5%
22	TERAWULF INC COM WULF	WULF	116,373	$1.3m1.68%	1.68%	New
23	WILLOW LANE ACQUISITION CORP ORD SHS CL A WLAC	WLAC	105,296	$1.3m1.68%	1.68%	Reduced -20.3k	-20,308 -16.2%
24	ADOBE INC COM ADBE	ADBE	3,768	$1.3m1.66%	1.66%	New
25	HUT 8 CORP COM HUT	HUT	28,193	$1.3m1.63%	1.63%	New
26	VOLATILITY SHS TR SOLANA ETF SOLZ	SOLZ	94,211	$1.2m1.51%	1.51%	Reduced -19.5k	-19,535 -17.2%
27	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	23,650	$1.2m1.48%	1.48%	Reduced -146.6k	-146,573 -86.1%
28	ISHARES ETHEREUM TR SHS ETHA	ETHA	51,788	$1.2m1.46%	1.46%	Reduced -10.9k	-10,911 -17.4%
29	NVENT ELECTRIC PLC SHS NVT	NVT	8,942	$911.8k1.15%	1.15%	New
30	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	15,410	$629.3k0.79%	0.79%	Reduced -3.1k	-3,146 -16.9%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
COINBASE GLOBAL INC COIN	COIN	5,148	$1.7m5.1k shares
SHIFT4 PMTS INC FOUR	FOUR	21,783	$1.7m21.8k shares
META PLATFORMS INC META	META	1,427	$1.0m1.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
JPMORGAN CHASE & CO JPM · Put	JPM	Put	5,000	$1.6m5.0k shares	Reduced
RIOT PLATFORMS INC RIOT · Put	RIOT	Put	125,200	$1.6m125.2k shares	Reduced
VISA INC V · Put	V	Put	3,700	$1.3m3.7k shares	New
MORGAN STANLEY MS · Put	MS	Put	7,300	$1.3m7.3k shares	Reduced
MASTERCARD INCORPORATED MA · Put	MA	Put	2,200	$1.3m2.2k shares	Reduced
MICRON TECHNOLOGY INC MU · Put	MU	Put	4,200	$1.2m4.2k shares	Reduced
BITFARMS LTD BITF · Put	BITF	Put	456,100	$1.1m456.1k shares	New
CLEANSPARK INC CLSK · Put	CLSK	Put	103,500	$1.0m103.5k shares	New
ALPHABET INC GOOGL · Put	GOOGL	Put	3,300	$1.0m3.3k shares	Reduced
CIPHER MINING INC CIFR · Put	CIFR	Put	60,000	$885.6k60.0k shares	Reduced
APPLIED MATLS INC AMAT · Put	AMAT	Put	3,400	$873.8k3.4k shares	New
VERTIV HOLDINGS CO VRT · Put	VRT	Put	5,000	$810.0k5.0k shares	Reduced
TAIWAN SEMICONDUCTOR MFG LTD TSM · Put	TSM	Put	2,100	$638.2k2.1k shares	Reduced
MARA HOLDINGS INC MARA · Put	MARA	Put	67,000	$601.7k67.0k shares	New
LAM RESEARCH CORP LRCX · Put	LRCX	Put	3,300	$564.9k3.3k shares	New
BLACKROCK INC BLK · Put	BLK	Put	500	$535.2k500 shares	Reduced
ROBINHOOD MKTS INC HOOD · Put	HOOD	Put	3,600	$407.2k3.6k shares	Reduced