Galaxy Digital Asset Management AUM Rises 12% in March

April 07, 2022
Galaxy Digital Asset Management AUM Rises 12% in March
Last week, Galaxy Digital (OTCPK:BRPHF) stock dropped as BitGo purchase terms changed.

Galaxy Digital (OTCPK:BRPHF) Asset Management, a diversified asset management firm focused on digital assets and the blockchain technology industry, posted preliminary assets under management of $2.72B as of March 31, up 12% from $2.41B at Feb. 28, the company said on Wednesday.

On a year-to-date basis, though, the company’s AUM has declined 5.4%, while the world’s largest cryptocurrency, bitcoin (BTC-USD), has fallen 7.9%.

In the past year, Galaxy Digital (OTCPK:BRPHF) shares have declined 37%, falling even more than bitcoin’s (BTC-USD) 24% drop during the same period as seen in this chart.

Last week, Galaxy Digital (OTCPK:BRPHF) stock dropped as BitGo purchase terms changed.