Galaxy Digital Secures Funding Through Convertible Bond Issuance

Galaxy Digital Holdings LP has announced the issuance of a convertible bond, providing it with capital to support its growth and potentially reduce outstanding debt. The $5.5 billion bond carries a 0.5% to 1% interest rate over a 5.5-year term, set to mature in 2031. This offering allows investors to convert the bond into Galaxy Digital common stock. Following this announcement, Galaxy Digital’s stock price experienced a significant decline of 10.3%, closing at $36.45 per share.