Galaxy Digital issues $1.3B of 0.50% exchangeable senior notes due 2031

Galaxy Digital Inc.

$1.3B aggregate principal (including $150M full exercise of initial purchasers' option) at 0.50% interest, maturing May 1, 2031.
Initial exchange rate 17.9352 shares per $1,000 (exchange price ~$55.76, ~37.5% premium over Oct 27 close of $40.55).
Net proceeds to support growth across core businesses and for general corporate purposes, may include repaying existing 2026 notes.
Notes are senior unsecured obligations; no redemption allowed before Nov 6, 2028, then callable if stock trades at 130% of exchange price.
Settlement date Oct 30, 2025; registration rights agreement filed requiring shelf registration by Jan 31, 2026.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Galaxy Digital Inc. issued up to 32,059,170 shares of common stock of convertible note to initial purchasers for $1.3 billion aggregate principal amount.

Security: convertible note
Shares: up to 32,059,170 shares of common stock
Purchaser: initial purchasers
Consideration: $1.3 billion aggregate principal amount

Exact text from the filing

Exchange Act. ☐ Item 1.01. Entry Into or Amendment of a Material Definitive Agreement. On October 30, 2025 (the “Closing Date”), Galaxy Digital Holdings LP (the “Issuer”) issued $1.3 billion (including $150 million issued upon the exercise in full of the initial purchasers’ option to purchase additional Notes (as defined below)) aggregate principal amount of its

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Galaxy Digital Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-013949

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