BRPHF - Galaxy Digital Holdings Ltd. (BRPHF) Q4 2023 Earnings Call Transcript
2024-03-26 13:28:07 ET
Galaxy Digital Holdings Ltd. (BRPHF)
Q4 2023 Results Conference Call
March 26, 2024 8:30 AM ET
Company Participants
Jonathan Goldowsky - Head, IR
Mike Novogratz - Founder, CEO
Alex Ioffe - CFO
Chris Ferraro - Opco Manager, President
Conference Call Participants
Bill Papanastasiou - Stifel
Joseph Vafi - Canaccord
Martin Toner - ATB Capital Markets
Andrew Bond - Rosenblatt Securities
Joe Flynn - Compass Point
Owen Lau - Oppenheimer
Devin Ryan - JMP Securities
Presentation
Operator
Good day, and welcome to the Galaxy Digital Fourth Quarter and Full Year 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note, this event is being recorded.
I would now like to turn the conference over to Mr. Jonathan Goldowsky. Please go ahead, sir.
Jonathan Goldowsky
Good morning, and welcome to Galaxy's fourth quarter and full year 2023 earnings call. Before we begin, please note that our remarks today may include forward-looking statements. Actual results may differ materially from those indicated or implied by our forward-looking statements as a result of various factors, including those identified in our filings with the Canadian Securities Regulatory Authority on SEDAR and available on our website or in future filings we make with other securities regulators.
Forward-looking statements speak only as of today and will not be updated. In addition, none of the information on this call constitutes a recommendation, solicitation or offer by Galaxy or its affiliates to buy or sell any securities, including Galaxy Securities.
With that, I'll turn it over to Mike Novogratz, Founder and CEO of Galaxy.
Mike Novogratz
Good morning, everyone. Listen, it's a lot more fun to get on these earnings calls after a good quarter and in the middle of a great crypto bull market. Last time we spoke was mid-November, Bitcoin was 35,000 today at 70. And so a lot's gone on both in the markets and here at Galaxy. And so I'm going to be quick with a little bit of macro. Most of you guys hear me too often, either on CNBC or on our own calls, given the macro story. It hasn't changed much. There's one number, I think that you should keep on your refrigerator, it's $34 trillion of debt. And in 100 days, it will be $35 trillion and in 200 days, it will be $36 trillion and until the United States and other countries get their fiscal house in order, get their finances in order, the story for Bitcoin and other digital assets is going to continue to grow. And some -- friend of mine yesterday said, he sold some Bitcoin on the sell off and he forgot the cardinal rule, he said, there are only 21 million, these things are becoming like Picassos. They're not making any more....
Galaxy Digital Holdings Ltd. (BRPHF) Q4 2023 Earnings Call Transcript