ConvertibleActive
0.5% Convertible Notes due 2031
GLXY-May31
BTC Holdings
6,894 BTC
Total Debt
$3.03B
Leverage
362.7%
mNAV
17.18x
Outstanding
$1.30B
Insufficient history
Issue date
2025-10-30
Principal
$1.30B
Coupon
0.50%
Maturity
2031-05-01
Conversion price
$55.76
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- May 1, Nov 1
- Rate type
- Fixed
- Forced conversion
- On or after Nov 6, 2028, if stock >= 130% of exchange price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change put at 100% of principal plus accrued interest
- Use of proceeds
- Growth across core operating businesses, general corporate purposes, may include repayment of existing exchangeable notes due 2026
Sources(2)
- Form 8-K (0.50% exchangea…FilingForm 8-K (0.50% exchangeable notes due 2031)Item 1.01Galaxy Digital Inc. — 2025-10-30
- Pricing of $1.15B 0.50% E…Press ReleasePricing of $1.15B 0.50% Exchangeable Notes due 2031Galaxy Digital Inc. — 2025-10-28
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-10-30 | Issuance | $1.30B Includes $150M overallotment | Form 8-K (0.50% exchangea… |
- 2025-10-30 — $1,300,000,000Item 1.01 — filing — Galaxy Digital Inc.Source