11:34 AM EDT, 03/26/2024 (MT Newswires) -- Galaxy Digital Holdings Ltd. ( BRPHF ) said Tuesday that it booked a net income of $302 million in the fourth quarter of 2023, swinging from a loss of $94 million in the previous quarter.

Total assets under management (AUM) rose 32% quarter over quarter to $5.2 billion from $3.9 billion, driven primarily by net inflows from newly managed opportunistic mandates.

The company noted that it posted a record preliminary AUM of $10.1 billion as of Feb. 29, 2024, as a result of market appreciation and net inflows from newly managed opportunistic assets.

Galaxy at last look lost 6.8% in early Tuesday trading.

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