Galaxy Digital Raises Capital Through Convertible Bond Issuance

Galaxy Digital Holdings LP is entering the market with a new 5.5-year convertible bond, offering investors interest rates ranging from 0.5% to 1%. This bond, set to mature in 2031, will give holders the option to convert their bonds into common stock of Galaxy Digital. The company intends to utilize the proceeds from the bond sale to fuel core business operations and potentially repay existing senior notes due in 2026. Following the announcement of this issuance, Galaxy Digital’s U.S.-listed shares experienced a decline of approximately 10.3%, closing at $36.45 per share.