04:32 PM EDT, 10/10/2025 (MT Newswires) -- Galaxy Digital ( GLXY ) was at last look up near 4% in U.S. after trade Friday, having lost 6.7% in regular trade, as it entered a deal with a major asset manager to raise US$460 million through a private strategic investment in its class A shares.

Under the terms, about 9 million shares will be sold by Galaxy itself, and nearly 3.8 million shares by executive officers, including its chief executive, all at US$36 per share, the company said.

The company added that the proceeds will be used for general corporate needs and to accelerate construction of its Helios data center campus.

The investment is expected to close around Oct. 17, pending customary closing conditions and approval from the Toronto Stock Exchange, according to the statement.

The company also announced it will report its third-quarter financial results on Oct. 21, before the Nasdaq market opens.