Galaxy Digital Holdings Prices Public Offering of 31.6 Million Shares

Galaxy Digital Holdings Ltd. is a digital asset and blockchain company offering a range of financial services including trading, lending, and investment solutions. The company has priced a public and secondary offering of 31.6 million shares. Galaxy Digital serves a diversified client base including institutions, startups, and qualified individuals. It provides financial platform spanning three operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions.

Galaxy Digital Inc. (NASDAQ: GLXY), a global leader in digital assets and data center infrastructure, has priced its upsized public offering of 31.6 million shares of Class A common stock at $19.00 per share. The offering, which includes 26.4 million primary shares issued by the company and 5.2 million secondary shares offered by existing stockholders, marks Galaxy's first underwritten public offering since listing on Nasdaq [3].

The underwriters, led by Goldman Sachs, Jefferies, and Morgan Stanley, have a 30-day option to purchase up to 4.74 million additional secondary shares, which could bring the total offering to 36.34 million shares. The primary proceeds will be used to purchase newly issued limited partnership units (LP Units) from Galaxy's operating subsidiary, Galaxy Digital Holdings LP (GDH LP). These funds will finance the expansion of artificial intelligence (AI) and high-performance computing (HPC) infrastructure at the company's Helios data center campus in West Texas, positioning Galaxy to capitalize on the growing demand for AI computing resources [3].

This offering represents a significant capital raise for Galaxy Digital, with gross proceeds of approximately $501.6 million. The strong demand for the upsized offering indicates institutional investor confidence in Galaxy's expansion plans, particularly in the high-growth AI infrastructure sector. The capital injection is expected to accelerate Galaxy's transition from primarily crypto-focused operations to a more diversified digital asset and computing infrastructure company [3].

Galaxy Digital serves a diversified client base, including institutions, startups, and qualified individuals, providing financial platforms that span three operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company's expertise in trading, lending, and investment solutions positions it as a key player in the digital asset and blockchain ecosystem [1].

The offering is expected to close on June 3, 2025. While the upsized offering strengthens Galaxy's balance sheet, it also introduces dilution for existing shareholders of approximately 8% based on the company's outstanding shares [3].

References:
[1] https://www.galaxy.com/
[2] https://coinmarketcap.com/academy/article/mara-holdings-announces-dollar2-billion-stock-offering-to-expand-bitcoin-holdings
[3] https://www.stocktitan.net/news/GLXY/galaxy-digital-inc-announces-pricing-of-its-upsized-public-offering-lzsfkhxljaw1.html