08:56 AM EDT, 10/28/2025 (MT Newswires) -- Galaxy Digital ( GLXY ) said Tuesday that it has priced an offering of 0.50% exchangeable senior notes due 2031, which has been upsized to $1.15 billion from $1 billion.

The company said it has granted the underwriters an over-allotment option of up to $150 million worth of notes.

The estimated $1.13 billion in net proceeds will be used to support growth in its businesses, and may include repaying existing senior notes due 2026, Galaxy said. It also said the notes will be general senior, unsecured obligations, and is expected to settle on Thursday.

Shares of Galaxy Digital ( GLXY ) dropped more than 9% in recent Tuesday premarket activity.