Galaxy Closes $125 Million Bought Deal Financing

Galaxy Digital Holdings Ltd. (TSX: GLXY) is pleased to announce that it has closed its previously announced bought deal financing.  Canaccord Genuity Corp. acted as lead underwriter to the Offering on behalf of a syndicate of underwriters which included Jefferies Securities Inc. and Stifel Nicolaus Canada Inc. Pursuant to the Offering, the Company issued a total of 12,100,000 ordinary shares on a bought deal basis at an offering price of C$14.00 per Ordinary Share for aggregate gross proceeds of C$169,400,000.

Certain shareholders, including Galaxy Group Investments LLC, have granted the Underwriters an option to purchase up to an additional 1,815,000 Ordinary Shares (to be issued upon the exchange of Class B Units of Galaxy Digital Holdings LP held in accordance with their terms) at the Offering Price, to cover over-allotments, if any, and for market-stabilizations purposes (the “Over-Allotment Option“), exercisable for a period of 30 days following the date hereof.

The net proceeds of the Offering to the Company will be used for general corporate purposes and working capital as set forth in its prospectus supplement to its base shelf prospectus dated March 26, 2024. The Company will not receive any proceeds from the sale of Ordinary Shares in connection with the Over-Allotment-Option.

The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“)or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States (as such term is defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or solicitation of an offer to buy any of these securities in the United States or in any jurisdiction in which such offer, solicitation or sale is not permitted.

About Galaxy

Galaxy (TSX:GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services and the development of enterprise custodial technology. The Company is headquartered in New York City, with global offices across North AmericaEurope and Asia.

Additional information about Galaxy’s businesses and products is available on