Galaxy Digital to Sell $500M of Notes in Private Placement

Galaxy Digital said it agreed to sell $500 million worth of notes exchangeable for shares in a private placement.

The crypto conglomerate agreed sell the 3% senior notes to qualified institutional buyers, Galaxy announced Monday.The notes will be exchangeable for shares in Galaxy Digital Inc., a newly formed Delaware holding company.They will mature on Dec. 15, 2026 unless exchanged, redeemed or repurchased earlier.Galaxy Digital intends to use the capital raised to fund growth initiatives across the business.

Read more: Galaxy Digital Reports Q3 Earnings of $517M

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