WWW.GALAXYDIGITAL.IO AS OF MARCH 30, 2021 OVERVIEW

Strictly Private & Confidential Institutionalize digital asset ecosystems and blockchain technology Our Mission:

Strictly Private & Confidential Key messages 3 technology blockchain and cryptocurrency targeted assets, digital focus on We are committed to leading our clients and the industry broad ecosystemreach Our Full class asset institutionalized an as cryptocurrencies into shift lifetimesecular a Our Industry is at the Inflection Point - Platform Approach to Financial Services as we participate in a once in in once a in participate we as amplifies our our amplifies with our our with

Strictly Private & Confidential 4 COMPANY OVERVIEW

Strictly Private & Confidential asset, cryptocurrency, and blockchain technology markets technology cryptocurrency,blockchain and asset, digital the serve to veterans industry by led platform services financial broad a established has Digital Galaxy Galaxy Digital: Innovative Growth Company in an Emerging Industry 5 2. 1. stated otherwise unless Dollars, inUS are overviewinthis figures financial All Note: As of December 31, 2020; excludes non 31,2020;excludes December of As andwithdrawals. contributions,performance, of resultthegenerally in areAUM Changes affiliates. sub a of inclusive estimate internalan is31, AUM 2021, unaudited. March of As gains on digitalassets & investments reflecting both fee Q4 MILLION $336 Assets Under Management (“AUM”) BILLION $1.3 Investments Banking, Mining and Principal Asset Management, Investment Synergistic business lines: Trading, 5 - 2020Net comprehensive income - controlling interests controlling - related income and 1 - 2 advised fund, committed capital in a closed a in capital fund,committedadvised - end vehicle, and seed investments by investmentsseed and vehicle, leading leading financial services firms Amsterdam and London from Jersey, Chicago, Tokyo, Hong Kong, Professionals in New York City, New 150+ crypto, fintech and payments with 80+ completed investments in Investments evaluated since 2013, 1,000+ supported with Institutional trading counterparties, 300+ 60+ cryptocurrencies

Strictly Private & Confidential Galaxy Digital’s Key Differentiators MANAGEMENT TEAM INSTITUTIONAL INNOVATION RELENTLESS CLIENT BLUE TAILWINDS ACCELERATING INDUSTRY PLATFORM FULL FINANCIAL SERVICES STRONG MARKET POSITION 6 - CHIP BRAND IN INDUSTRY - CALIBER - CENTRIC Morgan Stanley, Highbridge and PwC Leadership team of institutional veterans committed to innovation To integrate the institutional world together with new disruptive technologies, Galaxy is research, and established thought leadership One of the most recognizable brands in crypto engaging in the digital assets and blockchain technology ecosystem engagement. Digitalassets, including bitcoin and ethereum, continue to gain tractionand generate Investments/Venture Capital Comprehensive, in navigating these market digital assets and blockchain technologies Galaxy Digitalis the Macroeconomic full - leading diversified financial services and investment firm focused on cryptocurrencies, service platform in its client solutions, tradingsystems, and investment products - transforming innovations and geopolitical conditions highlight the utility and investment rationale for across Trading, Asset Management, Investment Banking and Principal from global firms such as Goldman Sachs, BlackRock, Fortress, , and is dedicated to aiding its clients, partners and counterparties built built on superior industry relationships, proprietary market institutional

Strictly Private & Confidential Deep bench of experts in capital markets, asset management, investing and venture capital venture and investing management, asset markets, capital in experts of bench Deep Galaxy Digital Leadership Team 7 ▪ ▪ Fidelity at Director of Bitcoin MiningPreviously helicopter pilot in USin Armypilot helicopter Fortress, Partner at Sachs,Goldman PartnerFormerly, of and President Founder, CEO & Chairman & CEO Founder, AMANDA FABIANO AMANDA MIKE NOVOGRATZ MIKE Head of Mining ▪ ▪ Equity Volatility businessVolatilityEquity DRW, and Head of SachsGoldman CEO Formerly,of DrawBridge Lending, Advisors at Investor BlackRock Kelso Capital PrincipalStrategiesand Highbridge firm,the Partner to Prior at joining Co CHRIS FERRARO CHRIS JASON URBAN JASON - Head of Trading of Head President and CIOand President Co ▪ ▪ - President and Head of Global Markets Global of Head and President SpecialGroupSituations and In Capital Marketsat Lehman Brothers, Debt focusedinvestments, digital on and COO GCoffice Formerly, to family Sachs FICC ExecutionServicesat Goldman PartnerFormerly, and Head Global of DAMIEN VANDERWILT DAMIEN - house Counsel to Counselto SachshouseGoldman KIM PILLEMER KIM Chief of of Chief Staff ▪ ▪ ▪ Capital of at BusinessBirchDevelopmentRiver Raised$1B of assets as & PrincipalHead VP at Fortress,Brothers Lehman Co Previously, Management attorneyInvestment Morgan Stanley and CCO Capital;at Stanfieldsenior Officer at PerellaPartners;Weinberg GC andOfficer, ComplianceRegulatory Chief Counsel,ChiefGeneralFormerly, Head ofAssetHead Management ANDREW SIEGEL ANDREW General Counsel General STEVE KURZ STEVE - FounderOuterRealmVR, ▪ ▪ Planning, StructuredFinancePlanning,and ECM to Prior that, Strategy& Citigroup Banking Investment Technology IndustrialsEmergingand & Co. OppenheimerFormerly, ▪ ▪ Head ofInvestmentHead Banking InteractiveBrokers CFO, Former Brokerage Business, CFO, FormerFinancial Virtu Chief Financial Officer Financial Chief MICHAEL ASHE MICHAEL ALEX IOFFE ALEX

Strictly Private & Confidential The Galaxy Digital Journey to Date 8 AcrossGlobal Investments cryptocurrencies 2013in added investments in investing 1994, in and Leadership team began ClassesAsset Management Management in 2018 Asset Trading and Thecompany diversified into Formed GalaxyDigital is growth capital 2018 securedand Listed the on TSX ListingInitial - V in industry financial services platform in services,creatingadvisory first Added Investment Banking CapabilitiesExpanded leadership extend industry Scaled organization to PlatformScaled Mining andBanking, Investment Trading, Management, Asset across industry suiteand product diverse institutionaladoptionwith further Driving - leading expertise leading Today

Strictly Private & Confidential 3. 2. 1. stated otherwise unless Dollars, inUS are overview inthis figures financial All Note: Select Operational Highlights through March 22, 2021 9 As of March 31,2021,unaudited. March of As withdrawals.and contributions, sub a of inclusive estimate internalan is AUM 22,2021. March of 2021,as Q1 for Expectations Q3 2020 Q3 Q1 2021P Q1 2020 Q4 CounterpartyBook Loan 1 300%+ $110M 240%+ - advised fund, committed capital in a closed ina capital fund,committedadvised $380M - end vehicle, and seed investments by investmentsseed and vehicle,end Q1 2021P Q1 2020 Q4 2020 Q3 $407M 3 +98% affiliates. Changes in AUM are generally the result of performance,of result the generally are inAUM Changes affiliates. AUM $807M 2 +58% $1,275M 3 CounterpartyTrading Volumes Q1 2021P Q1 2020 Q4 2020 Q3 1 +80% +40%

Strictly Private & Confidential 10 GALAXY DIGITAL: BUSINESS UNITS

Strictly Private & Confidential the digital asset, cryptocurrency, and blockchain technology sector technology blockchain cryptocurrency,and asset, digital the in innovator management investment and services financial diversified leading industry an is Digital Galaxy High 11 - Growth, Technology - Driven Financial Services Platform Investments Principal Mining Banking Investment Trading Management Asset operations and bespoke financing for miners for financing bespoke and operations mining proprietary both with mining, bitcoin on focused segment Newest companies asset digital & blockchain for services corporate general and advisory, strategic financing, lifecycle Full products structured and lending Market offerings product institutional diversified, providing strategies passive and Active late early assets, digital and cryptocurrency liquid in investments Direct - stage venture, and special situations special and venture, stage - leading sell leading - side trading desk offering spot & derivative OTC trading, trading, OTC derivative & spot offering desk trading side - grade fund fund grade - stage and and stage

Strictly Private & Confidential 12 GALAXY DIGITAL TRADING

Strictly Private & Confidential Galaxy Digital’s ecosystem approach gives it an edge in identifying trading product trends and appetites and trends product trading identifying in edge an it Digital’s gives ecosystemGalaxy approach Trading: Expanding Market Share via Counterparty 13 BLOCKCHAINPROJECTS FINANCIAL TECHNOLOGYFINANCIAL CORPORATES & & PAYMENTS& FAMILYHIGH OFFICES & WORTHINDIVIDUALS TRADING TRADING & LIQUIDITY GALAXY GALAXY DIGITAL - NET NET CRYPTOFUNDS SOLUTIONS 1 0 0 1 MANAGEMENT FUNDS MANAGEMENT HEDGE & TRADITIONAL ASSET ASSET TRADITIONAL CRYPTOMINING 0101 0101 0101 VENTURE CAPITAL ✓ ✓ ✓ ✓ ✓ ✓ with partnerswith EmergingPrime Brokerage conjunctionin services FireDrawBridgeBlue and CapitalLending marketof Chicago the acquisitionswith making Leadershipcryptoin structured globaland products acrossmultipleproducts clientwith overGlobalactive base 300 counterparties quarter Counterpartytrading increasedvolumesover 80% platformour onvenues liquidity30+ a fragmentedinliquidity market with Technology products acrossderivatives,spot, structured and lending coverage acrossa broadproductssolutionssetof & high Global,24/7, - over - firstinfrastructure fordiverseand deep - quarter Q4 2020in - - focused Solutions touch and electronicand tradingtouch - based

Strictly Private & Confidential 14 GALAXY DIGITAL ASSET MANAGEMENT

Strictly Private & Confidential PRIVATE FUNDS Assets and Blockchain Technology Asset Management: Institutional 2. 1. 15 Galaxy Fund Management (“GFM”) Passive Fund Suite: partnered index with Bloomberg. Galaxy Bitcoin Index (“BTC”), our latest is priced based on the Bloomberg The invests Fund directly inbitcoin and exposuregrade secure institutional Simple and Galaxy Bitcoin Fund This does not constitute in any way an endorsement by Mercer of any GFM Fund.GFM anyof Mercer by endorsementanway any in constitutenot does This withdrawals.and contributions, performance, of result the generally are inAUM Changes affiliates. sub a of inclusive estimate internalan is31, AUM 2021, unaudited. March of As The Galaxy BitcoinCrypto Galaxy Galaxy The Indexreceived the Fundand Fund both Passive Fund Suite Fund Passive from Mercer,from investment an in $15T assets under advisor over advisory with - by by the rules set forth by Bloomberg. weightings of the Fund are determined Crypto Fund (“BGCI”). Constituents and performance of the Bloomberg Galaxy The is Fund designed to track the digitalassets Diversified exposure largest to the Galaxy Crypto Index Fund - advised fund, committed capital in a closed a in capital fund,committedadvised Galaxy Interactive Fund Interactive Galaxy - end - Grade Exposure to the Growth of Digital vehicle, and seed investments by investmentsseed and vehicle, Galaxy Ethereum Index (“ETH”). is priced based on the Bloomberg The invests Fund directly inEther and Ethereumgrade exposure secure institutional Simple and Galaxy Ethereum Fund GREEN ODD ratings 2 . COLLECTIVE AUM COLLECTIVE - $1.3B $1.3B

PUBLIC FUNDS and Galaxy is the subadvisor of the Fund. Canadian fund complex is the manager into bitcoin. CI Investments, a $200B+ underlying holdings will invest directly Stock Exchange (TSX). The Fund’s fund that trades publicly on the Toronto The is Fund a closed CI Closed CI Galaxy Bitcoin Fund 1 - end fund in partnership with partnership in end fund - end investment

Strictly Private & Confidential and digital objects digital and $325M The Asset Management: Galaxy Interactive Venture Capital 1. 16 $325M fund figure includes commitments from an external LP and an affiliate of Galaxy DigitalGalaxy of affiliateanand LP an external from commitmentsincludes $325Mfundfigure OBJECTS DIGITAL 1 Galaxy Interactive Fund investments focus on the intersection of blockchain, interactive content, content, interactive blockchain, of intersection the on focus investments Fund Interactive Galaxy INTERACTIVE INTERACTIVE CONTENT GALAXY GALAXY BLOCKCHAIN interactiveentertainment byincentivesaligning in distribution, content& accelerates forms of interactive Blockchainenables new USE CASE BLOCKCHAIN will drivewill nextits stage interactivityengines,VR/AR) technologies(blockchain, size,and emerging other form of mediain market industrysurpassedhasevery The interactiveentertainment GROWTH MARKET synergiesbetween them createpartnerships and sector, andwe actively look to of the interactivecontent Our companiesare pioneers SYNERGIES PORTFOLIO as VR/AR Blockchainand frontier technologiessuch traditionalmedia and experienceinboth Our teamhas significant EXPERTISE DOMAIN

Strictly Private & Confidential 17 GALAXY DIGITAL INVESTMENT BANKING

Strictly Private & Confidential Galaxy Digital’s Investment Banking business combines traditional advisory services with deep sector knowledge sector deep with services advisory traditional combines business Digital’s Banking Galaxy Investment Investment Banking: Dedicated Sector Expertise 18 2 1 Note: Securities products and services are offered by Galaxy Digital Partners LLC, a member of FINRA SIPC. FINRA andof member a LLC, PartnersDigital Galaxyby offered are services and products Securities Note: Announcement Date; transaction Closing occurred inOctober occurred Closing transaction Date; Announcement int so do to work to intendsand tokenizationto related banking services investment offer currentlynot does DigitalGalaxy Full support support Full for any scenario: transactions, including: Strategic corporateall advisory on EXPERIENCE ▪ ▪ ▪ ▪ ▪ ▪ ▪ SELECTED DEAL Due Due diligence Transaction structuring &valuation Strategic partner target or identification Strategic reviews Restructurings Takeover defense side) Mergers & acquisitions (buy M&A ADVISORY Co $45m IPO $45m Nov - - Manager - side side & sell related - - 2020. 2019 - Developing global a distribution platform products, including: Full lifecycle financing support multiple across ▪ ▪ ▪ ▪ ▪ ▪ ▪ JointBookrunner Debt Debt and equity private placements equity Public (follow Building Building networka distribution of partners blockchain/digital space asset Connectivity with investorsfocused the on Tokenized financings Structured and project financings Direct lending and bridge financings $90m IPO $90m Nov - 2019 CAPITAL RAISING he future in a regulatorily compliant manner. compliant regulatorily ina future - 1 on on and IPO) Placement Agent $10m Series$10m A Jan - 2020 GENERAL CORPORATE GENERAL ADVISORY strategy including blockchain implementation and in technicalExpertise consulting and services Broad ▪ ▪ ▪ ▪ ▪ Sell $150m Sale$150m of Aug - and and services Go Competitive analysis Financial planning and budgeting Corporate strategy planning Business - side Advisor: side Advisor: based based corporate advice, including: - - To to 2020 - market strategy for new products 2 $350m raise $350m March 2021

Strictly Private & Confidential 19 GALAXY DIGITAL MINING

Strictly Private & Confidential for North America miners. America North for tools financial sophisticated and innovative providing on focused strategically practice mining bitcoin Galaxy’s Mining: Newly Launched Business Focused on Bitcoin Mining 20 Long Strategy 1. Process Vision As of March 30, 2021, which assumes a bitcoin price of over $57,000. over of price bitcoin a 30,assumes 2021,which March of As - Term Mission The oneThe Workacross verticalsGalaxy sophisticated tools for North Utilize in and identify newsolutions financial hubfor miningin create/enhance products, financial andservices the providenovel and Americanminers to sourceclients, North America - stop shop for mining - house expertiseto ▪ ▪ Mining EquipmentMining Finance (“MiFi”) Finance first quarter2021 financingdealsin the Closedtwo miner across globe the offerings for miners Bespoke,flexible LIVE IN MARKET IN LIVE ▪ ▪ fair marketvalue at>80% discountto Galaxymines bitcoin technology proprietary facility operator and onshore third Using best Product Offerings PropMining - in - - class, party 1 ▪ ▪ ▪ ▪ ▪ ▪ InDevelopment products Passive or activefund Cloudmining mandates Private placement optimization Working capital Hashrate derivatives solutionsHedging

Strictly Private & Confidential 21 GALAXY DIGITAL PRINCIPAL INVESTMENTS

Strictly Private & Confidential Principal Investments team brings together deep experience and relationships and experience deep together brings team Investments Principal Principal Investments: Platform Approach 22 EVALUATION EXECUTION SOURCING Differentiated, Research Comprehensive Multi Creative, yet Disciplined Investment Origination Integrated & Full Unparalleled Industry Relationship Network Investment Approach Market Intelligence Capital Mandates Experience Growing - firm - Asset - driven ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Active throughoutActive market environments Creativesolutions SMA toevaluateAbility entirethe capitalstructure digitalassets Relativevalueanalysis acrosscurrenciesand Maintaindisciplined,a thematic focus Rigorousduediligence platform Marketexchangedinsights across our ProprietaryDigitalresearchGalaxy Deepcapital markets relationships onwardcrypto/blockchain since 1994; 2013 Investingasset since acrossclasses global all Cross marketsmultiple Veteraninvestment professionals across - sourcing ofinvestmentsourcing opportunities

Strictly Private & Confidential Principal Investments: Venture & Principal Investments Portfolio EXPOSURE LIQUID VENTURE & ENTERTAINMENT INTERACTIVE MEDIA ECOSYSTEMS CRYPTOCURRENCY BANKING & FINANCING DIGITAL ASSET INFRASTRUCTURE DIGITAL ASSET BLOCKCHAIN ENTERPRISE 23 REPRESENTATIVE INVESTMENTS REPRESENTATIVE CO - INVESTORS

Strictly Private & Confidential 24 FOURTH QUARTER 2020 HIGHLIGHTS

Strictly Private & Confidential Galaxy Digital Reported a Transformational Fourth Quarter 2020 25 Q4 2020 Q4 2019 Q4 Net ComprehensiveIncome - $31M 2. 1. stated otherwise unless Dollars, inUS are overviewinthis figures financial All Note: the result of performance, contributions, and withdrawals.and contributions, performance,of result the sub a of inclusiveestimate internalan isAUM non 31,2020;excludes December of As 1,175% $336M - controlling interests controlling - advised fund, committed capital in a closed ina capitalfund, advisedcommitted 1 Q4 2020 Q4 2020 Q3 $407M - end vehicle, and seed investments byinvestments andseed vehicle, end +98% AUM $807M 2 affiliates. Changes in AUM are generallyin areAUM Changes affiliates. Q4 2020 Q4 2020 Q3 CounterpartyTrading Volumes +80%

Strictly Private & Confidential Forward assets, investments and protocols discussed in this document. document. this in discussed protocols and t of use investments the from assets, resulting or to relating liability all and any disclaims expressly parties aforementioned the any or of Each you. Information the of any of completeness or accuracy the to as implied, or express warranty, or affili representation any respective makes its of any nor Digital Galaxy of None information. such of accuracy the for responsibility assume not does non and published from obtained been has information) financial (including herein contained information Certain Inf the on based decisions Any Digital. Galaxy to related those including securities, any selling or buying consequen about and information suitability the of determination independent an make to order in advisors tax and accounting materials, legal, offering investment, such reviewing after made be should investment an make to decision Any materials. in offering to contained pursuant be Nothing strategy. trading or services banking investment any in participate to or s instruments a it is financial nor other sell, or or buy to offer an not is Information The Digital. Galaxy of approval written express and the Digital without Galaxy advice) about purposes informational for solely provided being is Information The Information. the wit of format, any in evaluations part, in or whole in redistributed or reproduced be not may herein contained (Information) information The assur no give can Company the assumptions, reasonable upon based are presentation this in reflected s financial expectations the consolidated believes final the in be to expect might one what also and adjustments, and procedures accounting end quarter Co The pre the procedures. to financial its completes Company the as management, Company's the to available information current most the pre certain contains presentation This of any events. update to unanticipated obligation no undertakes Digital Galaxy and today of as only applicable are presentation this in less be and information from, substantially vary may subsidiaries its and Digital Galaxy of performance actual the tha or change, accurate circumstances currently are predictions or opinions estimates, views, these that guarantee no is there and mode assets), digital proprietary on based be may (which predictions or opinions estimates, views, Digital’s Galaxy reflect statements Certain Forward herein. out set assumptions forward the with connection In investment and management. mining trading, the for infrastructure developing in failure or delay a institutions; by ecosystem blockchain forward such in described De those ended from year the materially for (AIF) Form Information Annual the in contained risks other those and partners and banki clients with investment that traction achieved, not or delayed is products management asset for fundraising expected that antici declines, those than solutions more or less materially be may or met be not may estimates expenses or revenue that anticipated, as perform forward such in contemplated or reflected those r from various materially of Because variations. similar other or negatives) the (or “believe” or “continue” “intend,” “estimate,” “project,” forward (collectively, laws securities Canadian of meaning the within Ltd.’s Holdings information Digital Galaxy regarding statements to, limited not but including, presentation, this in information Certain 26 - released financial information summarized in this presentation (including by any one financial metric, or all of the the of all or metric, financial one any by (including presentation this in summarized information financial released - looking Information and Important Considerations - looking information is not a guarantee of future performance; accordingly, you should not pu not should you accordingly, performance; future of guarantee a not is information looking - released first quarter 2021 financial information (the “pre (the information financial 2021 quarter first released - looking information contained in this presentation, the Company has made assumptions assumptions made has Company the presentation, this in contained information looking - looking statements include, but are not limited to, a decline in the digital ass digital the in decline a to, limited not are but include, statements looking - looking information. Forward looking statements are subject to to subject are statements looking Forward information. looking - looking information). Forward information). looking - released financial informatio financial released - looking informat looking - published source published isk oli he (“G s and uncertainties, including those referenced below and herein, actual events or results may differ differ may results or events actual herein, and below referenced those including uncertainties, s and citation of an offer to buy or sell, any investment banking services, securities, futures, options, commodities commodities options, futures, securities, services, banking investment any sell, or buy to offer an of citation ate ban t t t orm th Information or such other information. Affiliates of Galaxy Digital own investments in some of the digital digital the of some in investments own Digital Galaxy of Affiliates information. other such or Information hou financial metrics, being below or above the figures indicated) as a result of the completion of normal normal of completion the of result a as indicated) figures the above or below being metrics, financial alaxy Digital” or the “Company”) anticipated business or opportunities, may constitute forward looking looking forward constitute may opportunities, or business anticipated “Company”) the or Digital” alaxy hey will be ultimately realized. To the extent these assumptions or models are not correct or correct not are models or assumptions these extent the To realized. ultimately be will hey n”). The pre The n”). the and assets digital of adoption the in delay or failure the conditions; economic general or market et th s, shareholders, partners, members, directors, officers, management, employees or representatives representatives or employees management, officers, directors, members, partners, shareholders, s, ma is document constitutes investment, legal or tax advice. If any offer and sale of securities is made, it will will it made, is securities of sale and offer any If advice. tax or legal investment, constitutes document is cem king businesses or achieving mandates and gaining traction and the failure to grow assets under under assets grow to failure the and traction gaining and mandates achieving or businesses king tha ls ls is information to reflect events or circumstances after that date or to reflect the occurrence of of occurrence the reflect to or date that after circumstances or events reflect to information is ation are the sole responsibility of the reader. reader. the of responsibility sole the are ation tat ces ng co “anticipate,” “expect, “should,” “will,” “may,” as such terms of use the by identified be can ion t the express written approval of Galaxy Digital. You should make your own investigations and and investigations own your make should You Digital. Galaxy of approval written express the t pat ot the risk that the global economy, industry or the Company’s businesses and investments do not not do investments and businesses Company’s the or industry economy, global the that risk the y not be used or relied on for any purpose (including, without limitation, as legal, tax or investment investment or tax legal, as limitation, without (including, purpose any for on relied or used be not y and assumptions, including, in particular, Galaxy Digital’s views on the current and future market for for market future and current the on views Digital’s Galaxy particular, in including, assumptions, and n, the estimated performance. The forward The performance. estimated the n, ber 31, 2020. Factors that could cause actual results of the Company and its businesses to differ differ to businesses its and Company the of results actual cause could that Factors 2020. 31, ber ements based on the financial information summarized in this presentation. Although the Company Company the Although presentation. this in summarized information financial the on based ements her information (whether communicated in written or oral form) transmitted or made available to to available made or transmitted form) oral or written in communicated (whether information her anc nducting such investigations as the investor deems necessary and consulting the investor’s own investor’s the consulting and necessary deems investor the as investigations such nducting t undue reliance on forward on reliance undue t transactions may be modified or not completed at all, that the mining business is not able to gain gain to able not is business mining the that all, at completed not or modified be may transactions s. Such information has not been independently verified by Galaxy Digital, and Galaxy Digital Digital Galaxy and Digital, Galaxy by verified independently been not has information Such s. ed, that trading and lending momentum does not continue or the demand for trading and lending lending and trading for demand the or continue not does momentum lending and trading that ed, of an investment. You should also speak with your own broker and/or advisors if you require require you if advisors and/or broker own your with speak also should You investment. an of mpa e that actual results will not differ materially from these expectations. these from materially differ not will results actual that e that no significant events occur outside of the normal course of business and other other and business of course normal the of outside occur events significant no that ny's actual consolidated financial statements for such period may result in material changes changes material in result may period such for statements financial consolidated actual ny's - released financial information contained in this presentation are preliminary and represent represent and preliminary are presentation this in contained information financial released - looking information. information. looking - looking information in this presentation and other other and presentation this in information looking

Strictly Private & Confidential Forward ® Registered Service Mark of Galaxy Digital Holdings LP Holdings Digital Galaxy of Mark Service Registered ® reserved. rights All 2021. Digital Galaxy Copyright © www.galaxydigital.io. at website Digital’s Galaxy of Cana the portion with relations filings Digital’s Galaxy in contained is services and products its and Company the about information Additional SIPC. and FINRA of member a LLC, Partners Digital Galaxy through effected are transactions Securities otherwise or no punitive, have shall incidental, vendors and suppliers, agents, contractors, employees, respective their and its and licensors, f their or fitness its and and merchantability of warranties all disclaims expressly and therefrom, obtained be to results t or relating (Products) values Index or data any Index, the to as implied, or express warranty, any make Galaxy nor Bloomberg Neither timeliness, the obtained. guarantee Galaxy nor Bloomberg Neither Bloomberg. of property the is which Index, the of affilia agent respective calculation their and Fund), the (collectively, Funds Bitcoin Galaxy the and Fund Ethereum Galaxy the and LP, Fund L.P. Master Finance Bloomberg GDCM. of trademark a is GALAXY L.P. Finance Bloomberg of mark service or trademark a is BLOOMBERG Act Company Act. Investment Company (the amended as 1940, of Act Company Investment U.S. the under company investment is an as contrary the to registered be, representation Any herein. contained information the of adequacy the on opined has authority administrato governmental securities any Commission, Exchange and Securities U.S. the with filed been has Information the of None IRC. the Int for the U.S. of any of assets the the hold to IRC; is of whichdeemed or (C)the entity an of 4975 Section 4975 subject to is that arrangement Section in defined as “plan” a (B) ERISA; of I Title to subject is that ERISA of 3(3) Section in 1974 defined of Act Security Income Retirement Employee U.S. the of meaning the within plan” benefit “employee an by affi any purchased or be not Digital Galaxy the in shares any of offering public No thereunder. registration from of, exemption an or benefit or registration account the for or to, or States United the within transferred otherwise or sold offered, t be under not may registered affiliate be not will and been not have sold or offered be may that affiliate any or Digital Galaxy in interests Any 27 - looking Information and Important Considerations — arising in connection with the Index, any data or values relating thereto or any Products any or thereto relating values or data any Index, the with connection in arising “U ern he lia .S. persons” as defined in Regulation S under the U.S. Securities Act of 1933, as amended, absent absent amended, as 1933, of Act Securities U.S. the under S Regulation in defined as persons” .S. — or li ego te is being, or has been, made in the United States. Any interest in Galaxy Digital or any affiliate may may affiliate any or Digital Galaxy in interest Any States. United the in made been, has or being, is te al Revenue Code, as amended (the IRC), including an individual retirement account or other other or account retirement individual an including IRC), (the amended as Code, Revenue al whe ability or responsibility whatsoever for any injury or damages or injury any for whatsoever responsibility or ability applicable securities laws of the United States. Consequently, any interests in Galaxy Digital or any any or Digital Galaxy in interests any Consequently, States. United the of laws securities applicable dia a particular purpose with respect thereto. To the maximum extent allowed by law, Bloomberg, Galaxy Galaxy Bloomberg, law, by allowed extent maximum the To thereto. respect with purpose particular a acc tes her a c a ing types of plans, accounts or arrangements that is subject to Title I of ERISA or Section 4975 of of 4975 Section or ERISA of I Title to subject is that arrangements or accounts plans, of types ing n securities regulators available on the Company’s profile at www.sedar.com and on the investor investor the on and www.sedar.com at profile Company’s the on available regulators securities n r r u ther arising from their negligence or otherwise. or negligence their from arising ther urateness, or completeness of any data or information relating to the Index or results to be be to results or Index the to relating information or data any of completeness or urateness, eto or any financial product or instrument linked to, using as a component thereof or based on the the on based or thereof component a as using to, linked instrument or product financial any or eto riminal offense in the United States. Neither Galaxy Digital nor any of its affiliates is, or expects to to expects or is, affiliates its of any nor Digital Galaxy Neither States. United the in offense riminal (collectively, Galaxy). Bloomberg’s association with Galaxy is to act as the administrator and and administrator the as act to is Galaxy with association Bloomberg’s Galaxy). (collectively, , a , nder any state securities laws or any other governmental or self or governmental other any or laws securities state any nder s amended (ERISA), including (i) an investor using assets of: (A) an “employee benefit plan” as as plan” benefit “employee an (A) of: assets using investor an (i) including (ERISA), amended s ), ), and purchasers of any securities will not be entitled to the benefits of the Investment Investment the of benefits the to entitled be not will securities any of purchasers and it s affiliates (collectively, Bloomberg) are not affiliated with GDCM, Galaxy Crypto Index Index Crypto Galaxy GDCM, with affiliated not are Bloomberg) (collectively, s affiliates — whether direct, indirect, consequential, consequential, indirect, direct, whether - regulatory authority. No No authority. regulatory

Strictly Private & Confidential Additional Disclaimers ordinary shares has been volatile and will likely continue to be so in response to, among other factors, market fluctuations fluctuations market factors, other among to, response in so be to continue likely will and volatile been has operation shares ordinary regulatory, legal, material to subject and nascent are lines business its and history operating fa limited risk has two Company following the disclose to required is Digital Galaxy addition, In graduation. after issues li remain compliance will Company significant The provide. to continue to agreed and completed has Company the which investments, condit and was assets Sandbox digital TSX to pursuant approval Digital's Galaxy Sandbox. TSX to pursuant Company the of listing of the 309(c)(i) approved has subsection of requirements the waive to discretion its exercised has TSX The TSX. on listing a satisfy not warrant may that otherwise applications listing facilitate to intended initiative an Sandbox, TSX via TSX the on listed Company The States. United the in offense criminal a is contrary the Securit self or U.S. the with governmental filed been has Information the of None tracks. it that Index relevant the of performance the de from vary independent an make to order in advisors tax and accounting legal, investment, own investor’s the afte consulting made be and should necessary Fund the in investment an make to decision Any Memorandum). Offering (the Fund the of servic memorandum advisory offering any in participate to or security other any or services advisory any or Fund the in interests invests sell, or which buy to “Fund”) a (each Funds Bitcoin Galaxy the and Fund Ethereum Galaxy Fund, Index Crypto Galaxy the manages Galaxy 28 - regulatory authority. No governmental authority has opined on the merits of the offering of any securities securities any of offering the of merits the on opined has authority governmental No authority. regulatory cto es es in in ies or trading strategy. If any offer and sale of securities is made, it will be pursuant to the confidential confidential the to pursuant be will it made, is securities of sale and offer any If strategy. trading or rs that were also included in the most recent Annual Information Form for the year the for Form Information Annual recent most the in included also were that rs th al al digital assets generally or the digital assets that Galaxy Digital holds or trades. or holds Digital Galaxy that assets digital the or generally assets digital it e original listing requirements of TSX, but due to facts or situations unique to a particular issuer issuer particular a to unique situations or facts to due but TSX, of requirements listing original e and Exchange Commission, any securities administrator under any state securities laws or any other other any or laws securities state any under administrator securities any Commission, Exchange and by the Fund or Galaxy, or the adequacy of the information contained herein. Any representation to to representation Any herein. contained information the of adequacy the or Galaxy, or Fund the by s manual (C$10 million in treasury resulting from public raise) which the Company did not meet and and meet not did Company the which raise) public from resulting treasury in million (C$10 manual s and other risks in every jurisdiction; and (2) the market price and trading volume of the Company's Company's the of volume trading and price market the (2) and jurisdiction; every in risks other and ter ste mination of the suitability and consequences of an investment.. The performance of the Fund will will Fund the of performance The investment.. an of consequences and suitability the of mination ion d pursuant to TSX Sandbox until such time as it has completed a twelve a completed has it as time such until Sandbox TSX to pursuant d in in r r r ed upon public filing of an Annual Information Form and prominent quarterly disclosure of of disclosure quarterly prominent and Form Information Annual an of filing public upon ed eviewing such Offering Memorandum, conducting such investigations as the investor deems deems investor the as investigations such conducting Memorandum, Offering such eviewing digital assets. The Information is not an offer to buy or sell, nor is it a solicitation of an offer offer an of solicitation a it is nor sell, or buy to offer an not is Information The assets. digital - - ended 2020: (1) The The (1) 2020: ended month period without without period month

Strictly Private & Confidential