Shares in Galaxy Digital Holdings Ltd. experienced a notable decline following the announcement of a $1 billion convertible bond sale. The move, aimed at bolstering business growth and debt refinancing, mirrors practices employed by peers like Block.one and Coinbase, often leading to temporary stock drops due to shareholder dilution concerns. CEO Michael Novogratz remains silent on the decision, leaving details undisclosed. [link to original article in coinlineup.com]** This news triggered an immediate market response, resulting in a significant drop of over 10% in Galaxy Digital’s stock value. The bond sale has yet to demonstrate any direct impact on the broader cryptocurrency market.