On April 10, 2024, Galaxy Digital Holdings Ltd. announced a public offering of 12.1 million ordinary shares at $14.00 per share, generating gross proceeds of $169.4 million. The offering closed on April 12, 2024, and included an over-allotment option for underwriters to purchase up to an additional 1.815 million shares. Net proceeds, after a 4% underwriting commission ($6.776 million) and estimated offering expenses ($325,000), amounted to approximately $162.3 million. Galaxy intended to use the proceeds for general corporate purposes, working capital, and expanding its trading and mining operations.

The underwriting syndicate was led by Canaccord Genuity Corp., with Jefferies Securities, Inc., and Stifel Nicolaus Canada Inc. participating. Legal counsel for Galaxy included Blake, Cassels & Graydon LLP (Canada), Davis Polk & Wardwell LLP (United States), and Maples and Calder (Cayman Islands). The underwriters were advised by Stikeman Elliott LLP (Canada), Goodwin Procter LLP (United States), and Conyers Dill & Pearman LLP.