Galaxy Digital Stock Price, News & Analysis

Galaxy Digital (NASDAQ: GLXY) priced an upsized private offering of $1.15 billion aggregate principal amount of 0.50% exchangeable senior notes due 2031, up from $1.0 billion, with an initial purchaser option for an additional $150.0 million. Estimated net proceeds are $1,127.0 million (or $1,274.0 million if the option is exercised). Interest is 0.50% paid semi‑annually; maturity is May 1, 2031.

Notes exchange at an initial rate of 17.9352 shares per $1,000 principal (initial exchange price ≈ $55.76, ~37.5% premium to the Oct 27, 2025 last sale $40.55). Sale settles Oct 30, 2025, pending TSX approval.

Galaxy Digital (NASDAQ: GLXY) announced the intention of Galaxy Digital Holdings LP to privately offer $1.0 billion aggregate principal amount of exchangeable senior notes due May 1, 2031, with an initial purchasers' option for an additional $150.0 million. Proceeds are intended to support core business growth and general corporate purposes and may be used to repay existing 2026 exchangeable notes.

The Notes will be senior unsecured, accrue semi-annual interest, be non-redeemable before Nov 6, 2028, and may be exchanged for cash, shares of Galaxy common stock, or a combination. Offering is subject to market conditions and TSX approval.

Galaxy Digital (Nasdaq: GLXY) reported Q3 2025 results: net income $505M, diluted EPS $1.01, adjusted EPS $1.12 and adjusted EBITDA $629M. Total assets reached $11.523B and total equity was $3.172B as of Sept 30, 2025. Cash and stablecoins totaled $1.91B. Digital Assets trading volumes rose 140% QoQ, including a client sale of >80,000 BTC. Galaxy secured a $1.4B project financing for Helios Phase I, executed Phase II lease with CoreWeave (total 800 MW approved), and closed a $460M equity investment (net proceeds $325M). Galaxy launched GalaxyOne on Oct 6, 2025.

Galaxy (NASDAQ: GLXY) will report third quarter 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday, October 21, 2025. Michael Novogratz, CEO and Founder, and management will host a conference call for investors and analysts on the same day at 8:30 AM Eastern Time. A live webcast will be available at https://investor.galaxy.com/ and on the company YouTube channel. A replay will be accessible via the Investor Relations website in the same locations.

Galaxy (Nasdaq: GLXY) entered investment agreements for a $460 million private strategic investment at $36 per share, consisting of 9,027,778 shares bought from Galaxy and 3,750,000 shares bought from executive officers. Proceeds will fund general corporate purposes and the buildout of the Helios data center campus, targeted to deliver 133 MW critical IT load in H1 2026 as part of Phase One lease agreement. The Investment is expected to close on or about October 17, 2025, subject to customary conditions including Toronto Stock Exchange approval. Galaxy plans to file a resale registration statement for the sold shares.

Galaxy (NASDAQ: GLXY) launched GalaxyOne on October 6, 2025, a U.S. retail fintech platform combining cash, crypto, and equities in one app.

Key offerings: Galaxy Premium Yield investment note for accredited investors at 8.00% APY (minimum $25,000, $1M cap per investor, $250M total cap; APY effective 9/23/2025), a GalaxyOne Cash FDIC-insured account at 4.00% APY, crypto trading (BTC/ETH/SOL) and commission-free trading of >2,000 U.S. stocks and ETFs with fractional shares (min $10). Platform acquired Fierce in 2024; led by Zac Prince with Rob Cornish as CTO.

DeFi Technologies (Nasdaq: DEFT) has successfully closed a US$100 million registered direct offering with institutional investors, led by cornerstone investor Galaxy Digital. The offering consisted of 45,662,101 common shares and warrants to purchase up to 34,246,577 additional shares at a combined price of US$2.19 per share and three-quarters of a warrant.

The warrants have an exercise price of US$2.63 per share (20% premium), are immediately exercisable, and expire in 3 years. The company plans to use the proceeds to expand its ETP offerings, pursue digital asset trading, lending and staking transactions, fund potential acquisitions, and support growth initiatives. Joseph Gunnar & Co., LLC served as the exclusive placement agent.

DeFi Technologies (Nasdaq: DEFT) has announced a significant US$100 million registered direct offering with institutional investors, led by Galaxy Digital (Nasdaq: GLXY). The oversubscribed offering includes 45,662,101 shares of common stock and warrants to purchase up to 34,246,577 additional shares.

The combined purchase price is set at US$2.19 per share and three-quarters of one warrant. The warrants, exercisable immediately upon issuance, will have an exercise price of US$2.63 per share (120% premium to offering price) and a 3-year expiration term. The offering is expected to close on September 26, 2025, with Joseph Gunnar & Co., LLC serving as the exclusive placement agent.

Boost Run, a provider of AI Cloud Infrastructure and high performance compute (HPC), announced a merger with Willow Lane Acquisition Corp. (Nasdaq: WLAC) to become publicly listed. The transaction values the combined company at $614 million post-money, with expected proceeds of $112 million from WLAC's trust account.

Founded by former Blue Fire Capital co-founder Andrew Karos, Boost Run provides bare-metal infrastructure solutions for enterprise, financial, and government sectors. The company projects over 250% revenue growth in 2025 versus 2024, with adjusted EBITDA margins exceeding 75% and high-teens free cash flow margins. Following the merger announcement, institutional investors purchased $24.4 million of Willow Lane shares at $10.60 per share.

The combined company will be renamed Boost Run, Inc. and trade under ticker symbols BRUN and BRUN WS on Nasdaq, with the transaction expected to close in Q4 2025.