ConvertibleActive
3% Convertible Notes due 2026
GLXY-Dec26
BTC Holdings
6,894 BTC
Total Debt
$3.03B
Leverage
362.7%
mNAV
17.18x
Outstanding
$445.00M
Issue date
2021-12-09
Principal
$500.00M
Coupon
3.00%
Maturity
2026-12-15
Conversion price
$33.34
- Originally issued by Galaxy Digital Holdings Ltd (Cayman); assumed by Galaxy Digital Inc. upon 2025 reorganization
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Jun 15, Dec 15
- Rate type
- Fixed
- Forced conversion
- On or after Dec 15, 2024, if stock >= 130% of exchange price for 20 of 30 consecutive trading days
- Put provision
- At 100% of principal plus accrued interest upon fundamental change
- Use of proceeds
- Accelerate growth initiatives across business lines and general corporate purposes
Sources(1)
- $500M 3.00% Exchangeable …Press Release$500M 3.00% Exchangeable Notes due 2026Galaxy Digital Holdings Ltd. — 2021-12-09
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Repurchase | $445.00M $55M repurchased | Form 10-K (2025) |
| 2021-12-09 | Issuance | $500.00M | $500M 3.00% Exchangeable … |
- 2025-12-31 — $445,000,000Note 19 — Loans and Notes Payable — filing — Galaxy Digital Inc.Source
- 2021-12-09 — $500,000,000press_release — Galaxy Digital Holdings Ltd.Source