Galaxy Digital Holdings is a cryptocurrency investor manager. The first quarter was marred by unrealized losses in their digital portfolio. These results highlight the increased volatility expected in digital assets sector in 2022.

Galaxy Digital suffered a net total lossA gain of $858.2 Million in the Quarter Ending March 31 was $111.7M, versus a loss of $858.2M in the Quarter. Same quarter in 2021The company made the announcement Monday. In addition to unrealized losses in its digital asset portfolio, Galaxy’s overall losses were also attributed to investments in its trading and investment businesses.