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Galaxy Digital Overview Deck October 2020

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Galaxy Digital Overview Deck October 2020 OVERVIEW AS OF MARCH 30, 2021 WWW.GALAXYDIGITAL.IO Strictly Private & Confidential Our Mission: Institutionalize digital asset ecosystems and blockchain technology Strictly Private & Confidential Key messages Our Industry is at the Inflection Point as we participate in a once in a lifetime secular shift into cryptocurrencies as an institutionalized asset class Our Full-Platform Approach to Financial Services amplifies our broad ecosystem reach We are committed to leading our clients and the industry with our targeted focus on digital assets, cryptocurrency and blockchain technology Strictly Private & Confidential 3 COMPANY OVERVIEW Strictly Private & Confidential 4 Galaxy Digital: Innovative Growth Company in an Emerging Industry Galaxy Digital has established a broad financial services platform led by industry veterans to serve the digital asset, cryptocurrency, and blockchain technology markets 5 300+ Synergistic business lines: Trading, Institutional trading counterparties, Asset Management, Investment with 60+ cryptocurrencies Banking, Mining and Principal supported Investments $1.3 BILLION 1 1,000+ Assets Under Management (“AUM”) Investments evaluated since 2013, with 80+ completed investments in crypto, fintech and payments 2 $336 MILLION 150+ Q4-2020 Net comprehensive income Professionals in New York City, New reflecting both fee-related income and Jersey, Chicago, Tokyo, Hong Kong, gains on digital assets & investments Amsterdam and London from leading financial services firms Note: All financial figures in this overview are in US Dollars, unless otherwise stated 1. As of March 31, 2021, unaudited. AUM is an internal estimate inclusive of a sub-advised fund, committed capital in a closed-end vehicle, and seed investments by Strictly Private & Confidential affiliates. Changes in AUM are generally the result of performance, contributions, and withdrawals. 5 2. As of December 31, 2020; excludes non-controlling interests Galaxy Digital’s Key Differentiators STRONG MARKET POSITION Galaxy Digital is the leading diversified financial services and investment firm focused on cryptocurrencies, digital assets and blockchain technologies, and is dedicated to aiding its clients, partners and counterparties in navigating these market-transforming innovations FULL FINANCIAL SERVICES Comprehensive, full-service platform across Trading, Asset Management, Investment Banking and Principal PLATFORM Investments/Venture Capital ACCELERATING INDUSTRY Digital assets, including bitcoin and ethereum, continue to gain traction and generate institutional TAILWINDS engagement. Macroeconomic and geopolitical conditions highlight the utility and investment rationale for engaging in the digital assets and blockchain technology ecosystem BLUE-CHIP BRAND IN INDUSTRY One of the most recognizable brands in crypto built on superior industry relationships, proprietary market research, and established thought leadership RELENTLESS CLIENT-CENTRIC To integrate the institutional world together with new disruptive technologies, Galaxy is INNOVATION committed to innovation in its client solutions, trading systems, and investment products INSTITUTIONAL-CALIBER Leadership team of institutional veterans from global firms such as Goldman Sachs, BlackRock, Fortress, MANAGEMENT TEAM Morgan Stanley, Highbridge and PwC Strictly Private & Confidential 6 Galaxy Digital Leadership Team Deep bench of experts in capital markets, asset management, investing and venture capital MIKE NOVOGRATZ CHRIS FERRARO DAMIEN VANDERWILT STEVE KURZ MICHAEL ASHE Founder, CEO & Chairman Co-President and CIO Co-President and Head of Global Markets Head of Asset Management Head of Investment Banking ▪ Formerly, Partner and President of ▪ Prior to joining the firm, Partner at ▪ Formerly, Partner and Global Head of ▪ Previously, Co-Founder OuterRealmVR, ▪ Formerly, Oppenheimer & Co. Fortress, Partner at Goldman Sachs, Highbridge Principal Strategies and FICC Execution Services at Goldman VP at Fortress, Lehman Brothers Industrials and Emerging Technology helicopter pilot in US Army Investor at BlackRock Kelso Capital Sachs ▪ Raised $1B of assets as Principal & Head Investment Banking Advisors of Business Development at River Birch ▪ Prior to that, Citigroup Strategy & Capital Planning, Structured Finance and ECM AMANDA FABIANO JASON URBAN KIM PILLEMER ANDREW SIEGEL ALEX IOFFE Head of Mining Head of Trading Chief of Staff General Counsel Chief Financial Officer ▪ Previously Director of Bitcoin Mining at ▪ Formerly, CEO of DrawBridge Lending, ▪ Formerly, COO and GC to family office ▪ Formerly, General Counsel, Chief ▪ Former CFO, Virtu Financial Fidelity DRW, and Head of Goldman Sachs focused on digital investments, Debt Compliance Officer, and Chief Regulatory ▪ Former CFO, Brokerage Business, Equity Volatility business Capital Markets at Lehman Brothers, Officer at Perella Weinberg Partners; GC Interactive Brokers and In-house Counsel to Goldman Sachs and CCO at Stanfield Capital; senior Special Situations Group attorney Morgan Stanley Investment Management Strictly Private & Confidential 7 The Galaxy Digital Journey to Date Investments Galaxy Digital is Initial Listing Across Global Formed Listed on the TSX-V in Asset Classes The company diversified into 2018 and secured growth capital Leadership team began Trading and Asset investing in 1994, and Management in 2018 added investments in cryptocurrencies in 2013 Today Driving further institutional adoption with Scaled Platform diverse product suite and Expanded Capabilities industry-leading expertise Scaled organization to across Asset Added Investment Banking extend industry Management, Trading, leadership advisory services, creating first Investment Banking, and financial services platform in Mining industry Strictly Private & Confidential 8 Select Operational Highlights through March 22, 2021 Counterparty Loan Book AUM2 Counterparty Trading Volumes Q3 2020 Q3 2020 Q3 2020 Q4 2020 Q4 2020 Q4 2020 1 3 1 Q1 2021P 240%+ Q1 2021P +58% Q1 2021P 3 +40% $380M $1,275M +98% +80% $807M 300%+ $110M $407M Note: All financial figures in this overview are in US Dollars, unless otherwise stated 1. Expectations for Q1 2021, as of March 22, 2021. 2. AUM is an internal estimate inclusive of a sub-advised fund, committed capital in a closed-end vehicle, and seed investments by affiliates. Changes in AUM are generally the result of performance, contributions, and withdrawals. 3. As of March 31, 2021, unaudited. Strictly Private & Confidential 9 GALAXY DIGITAL: BUSINESS UNITS Strictly Private & Confidential 10 High-Growth, Technology-Driven Financial Services Platform Galaxy Digital is an industry leading diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector Asset Active and passive strategies providing diversified, institutional-grade fund Management product offerings Market-leading sell-side trading desk offering spot & derivative OTC trading, Trading lending and structured products Investment Full lifecycle financing, strategic advisory, and general corporate services for Banking blockchain & digital asset companies Newest segment focused on bitcoin mining, with both proprietary mining Mining operations and bespoke financing for miners Principal Direct investments in liquid cryptocurrency and digital assets, early-stage and Investments late-stage venture, and special situations Strictly Private & Confidential 11 GALAXY DIGITAL TRADING Strictly Private & Confidential 12 Trading: Expanding Market Share via Counterparty-focused Solutions Galaxy Digital’s ecosystem approach gives it an edge in identifying trading product trends and appetites ✓ Global, 24/7, high-touch and electronic trading 0 1 coverage across a broad set of products & solutions 1 0 across spot, derivatives, lending and structured 0101 CRYPTO FUNDS 0101 products 0101 FINANCIAL TECHNOLOGY ✓ Technology-first infrastructure for deep and diverse & PAYMENTS CRYPTO MINING liquidity in a fragmented market with 30+ liquidity venues on our platform ✓ Counterparty trading volumes increased over 80% quarter-over-quarter in Q4 2020 GALAXY DIGITAL ✓ Global client base with over 300 active counterparties TRADING & LIQUIDITY VENTURE CORPORATES & CAPITAL across multiple products BLOCKCHAIN PROJECTS SOLUTIONS ✓ Leadership in crypto structured products and global market making with the acquisitions of Chicago-based DrawBridge Lending and Blue Fire Capital FAMILY OFFICES & HIGH-NET TRADITIONAL ASSET ✓ Emerging Prime Brokerage services in conjunction WORTH INDIVIDUALS MANAGEMENT & HEDGE FUNDS with partners Strictly Private & Confidential 13 GALAXY DIGITAL ASSET MANAGEMENT Strictly Private & Confidential 14 Asset Management: Institutional-Grade Exposure to the Growth of Digital Assets and Blockchain Technology $1.3B COLLECTIVE AUM1 Passive Fund Suite Galaxy Interactive Fund Galaxy Fund Management (“GFM”) Passive Fund Suite: Galaxy Bitcoin Fund Galaxy Crypto Index Fund Galaxy Ethereum Fund CI Galaxy Bitcoin Fund Simple and secure institutional- Diversified exposure to the largest Simple and secure institutional- Closed-end fund in partnership with grade exposure digital assets grade Ethereum exposure CI The Fund invests directly in bitcoin and The Fund is designed to track the The Fund invests directly in Ether and The Fund is a closed-end investment is priced based on the Bloomberg performance of the Bloomberg Galaxy is priced based on the Bloomberg fund that trades publicly on the Toronto Galaxy Bitcoin Index (“BTC”), our latest
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