分析师坚称 Galaxy Digital 的 Terra 曝光毫无根据

Galaxy Digital 持有 LUNA 代币的风险引发了投资者的担忧，导致其股价本周暴跌 40%。然而，BTIG 分析师 Mark Palmer 认为这些担忧是没有根据的，这表明 Galaxy 可能在 2022 年第一季度出售了大部分 LUNA 头寸，受益于 2021 年代币升值。尽管近期 LUNA 价值下跌，但 BTIG 仍维持买入评级银河，强调其股票回购授权是当前市场状况下的积极信号。

Galaxy Digital's Terra Exposure Deemed 'Unwarranted,' Analyst Asserts

分析师称 Galaxy Digital 的 Terra 曝光“毫无根据”

Austin, TX, May 6, 2022 - Amidst concerns surrounding Galaxy Digital's potential losses related to its exposure to Terra's LUNA token, BTIG equity research analyst Mark Palmer has dismissed such concerns as "clearly unwarranted."

德克萨斯州奥斯汀，2022 年 5 月 6 日 - 由于人们担心 Galaxy Digital 因接触 Terra 的 LUNA 代币而可能遭受损失，BTIG 股票研究分析师 Mark Palmer 驳斥了这种担忧，称其“显然毫无根据”。

In a note to clients on Thursday, Palmer downplayed the impact of Terra's collapse on Galaxy, citing the company's recent disclosures. According to Galaxy's management discussion and analysis for the quarter ending March 31, the bulk of its $355 million in realized digital asset gains stemmed from LUNA sales.

在周四给客户的一份报告中，帕尔默援引该公司最近披露的信息，淡化了 Terra 崩溃对 Galaxy 的影响。根据 Galaxy 管理层对截至 3 月 31 日的季度的讨论和分析，其已实现的 3.55 亿美元数字资产收益中的大部分来自 LUNA 的销售。

Palmer emphasized that Galaxy's prior disclosure of holding $407.6 million in LUNA as of December 31 suggests that the company "appears to have sold all or most of its position at a healthy gain during the first quarter of 2022." This is supported by the strong appreciation of LUNA throughout 2021.

Palmer 强调，Galaxy 之前披露的截至 12 月 31 日持有 4.076 亿美元的 LUNA 股份表明，该公司“似乎已在 2022 年第一季度以健康收益出售了全部或大部分持仓”。这得到了 2021 年 LUNA 强劲升值的支持。

Despite the recent market volatility and LUNA's collapse, BTIG has maintained its "buy" rating on Galaxy with a price target of C$37 ($28).

尽管最近市场波动和 LUNA 崩溃，BTIG 仍维持 Galaxy 的“买入”评级，目标价为 37 加元（28 美元）。

"Galaxy's business model is not reliant on the success of any single digital asset or blockchain project," Palmer wrote. "Furthermore, the company has a strong balance sheet and a proven track record of weathering market downturns."

“银河的商业模式不依赖于任何单一数字资产或区块链项目的成功，”帕尔默写道。 “此外，该公司拥有强劲的资产负债表和抵御市场低迷的良好记录。”

Galaxy's management has also taken proactive steps to mitigate potential risks. Earlier this week, the company announced that its board had approved a share repurchase program, allowing it to buy back up to 10% of its outstanding shares.

银河管理层还采取了积极措施来降低潜在风险。本周早些时候，该公司宣布董事会已批准一项股票回购计划，允许其回购最多 10% 的已发行股票。

"This indicates that Galaxy management is confident in the company's long-term prospects," Palmer added. "We believe that the current market sell-off presents a buying opportunity for investors who are looking for exposure to the digital asset space."

“这表明银河管理层对公司的长期前景充满信心，”帕尔默补充道。 “我们认为，当前的市场抛售为寻求数字资产领域投资的投资者提供了买入机会。”

Galaxy Digital did not immediately respond to a request for comment on Palmer's analysis.

Galaxy Digital 没有立即回应对帕尔默的分析发表评论的请求。