Situational Awareness LP has fully exited its position in Galaxy Digital (NASDAQ:GLXY), according to recent regulatory filings. The fund first established the stake in the fourth quarter of 2025, accumulating 2.7 million shares at that time.
Despite reporting a GAAP net loss of $216 million in the first quarter of 2026, the company demonstrated significant improvement compared to the prior quarter’s $482 million deficit. Adjusted EBITDA also improved substantially, narrowing from a $518 million loss in Q4 2025 to $188 million in the most recent period.
While industry-wide trading volumes declined sharply during the quarter, Galaxy’s Global Markets segment recorded a 3% sequential increase in adjusted gross profit, reaching $31 million. This performance suggests the company gained market share and maintained strong execution amid challenging conditions.
The Asset Management division showed resilience, generating $69 million in net organic inflows during Q1 2026. Total assets under management held steady at approximately $5 billion, with $3.2 billion in assets under stake.
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