An anonymous director reports

GALAXY ASSET MANAGEMENT: NOVEMBER 2023 MONTH END AUM

Galaxy Digital Holdings Ltd.'s affiliate, Galaxy Asset Management, had preliminary assets under management of $5,282-million as of Nov. 30, 2023. The 16.3-per-cent increase in preliminary AUM compared with the prior month was driven by net inflows into GAM's passive strategies, a new actively managed client mandate, and market appreciation, partially offset by outflows associated with an ongoing liquidation mandate.

Additional information regarding GAM can be found on our website.

About Galaxy

Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy is building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in New York City, with global offices across North America, Europe, and Asia.

GAM is an affiliate of Galaxy Digital Holdings Ltd., a company listed on the Toronto Stock Exchange ("TSX"). The TSX has not approved or disapproved of the information contained herein.