Galaxy Digital Inc. announced the pricing of its upsized underwritten public offering of 31,600,000 shares of its Class A common stock on May 29, 2025. The shares were priced at $19.00 per share. This offering includes 26,400,000 shares offered by Galaxy and 5,200,000 shares offered by certain existing stockholders.
The offering size was increased from the previously announced 29,000,000 shares, indicating strong investor demand. This marks Galaxy's first underwritten public offering of its Class A common stock as a Nasdaq-listed company. The offering is expected to close on June 3, 2025, subject to customary closing conditions.
Galaxy intends to use the net proceeds from its portion of the sale to purchase newly issued limited partnership units from its operating subsidiary, Galaxy Digital Holdings LP. These proceeds will finance the continued expansion of its artificial intelligence and high-performance computing infrastructure at its Helios data center campus in West Texas, and for general corporate purposes. Galaxy will not receive any proceeds from the sale of shares by the selling stockholders.
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