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

The notes, which are exchangeable for shares, will carry an interest rate of 3%.

Nov 29, 2021 at 1:49 p.m. UTC
Updated Nov 29, 2021 at 4:15 p.m. UTC

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.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley is a CoinDesk news reporter based in London.