---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-013949"
form_type: "8-K"
ticker: "GLXY"
cik: "0001859392"
company_name: "Galaxy Digital Inc."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:25:02.424452+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000950103-25-013949
- form_type: 8-K
- ticker: GLXY
- cik: 0001859392
- company_name: Galaxy Digital Inc.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859392/000095010325013949/0000950103-25-013949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859392/000095010325013949/dp236467_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-013949
- JSON: https://secwatch.observer/filing/0000950103-25-013949.json
- Plain text: https://secwatch.observer/filing/0000950103-25-013949.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.