Galaxy Digital Capital Management has sold 272,777 shares of Core Scientific (CORZ), valued at approximately $4.8 million, according to a recent SEC filing. Despite this reduction, Galaxy retains a significant position, holding 784,540 shares worth $11.4 million, which constitutes 11.9% of its total assets under management as of December 31, 2025. Core Scientific has seen a remarkable price increase of 78.1% over the past year, significantly outperforming the S&P 500.
This sale may initially suggest a lack of confidence in Core Scientific, but it appears more as a strategic move to lock in profits following substantial gains. The crypto infrastructure sector, where Core Scientific operates, has benefited from a resurgence in Bitcoin prices and heightened institutional interest. With Core Scientific still being Galaxy’s largest holding, the transaction reflects prudent risk management rather than a shift in investment sentiment.
For investors, the key takeaway is that while Galaxy Digital has trimmed its position, it continues to support Core Scientific as a central component of its portfolio, indicating sustained confidence in the company’s growth potential.
Source: fool.com