Galaxy Digital, led by Michael Novogratz, reported a significant financial turnaround in its latest earnings report. The company announced a net income of $302 million for the fourth quarter of the last year, marking a substantial recovery from a $1 billion loss in 2022 to a $296 million profit in 2023. This achievement was attributed to a combination of rising digital asset prices, increased trading volumes, and a 421% increase in Q4 earnings compared to Q3 of the same year. Additionally, Galaxy Digital disclosed a $27 million net Celestia (TIA) position and $41 million of locked tokens. The firm's performance was further highlighted by Stifel Institutional, noting significant growth across Galaxy's three operating segments, driven by improved crypto market conditions and the anticipation of a spot bitcoin ETF approval.