Share this article
Galaxy Digital to Sell $500M of Notes in Private Placement
The notes, which are exchangeable for shares, will carry an interest rate of 3%.
Updated May 11, 2023, 7:08 p.m. Published Nov 29, 2021, 1:49 p.m.
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
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain
The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.
What to know:
- JPMorgan Chase is launching its first tokenized money-market fund on Ethereum dubbed My OnChain Net Yield Fund (MONY), with an initial $100 million investment.
- The fund is part of a growing trend of blockchain-based financial products, with major firms like BlackRock and Franklin Templeton also entering the space.
- MONY allows investors to redeem shares using cash or USDC and aims to offer similar benefits to traditional money-market funds with added blockchain advantages.
Top Stories
