Earn Bitcoin with Sports

Galaxy Digital obtains USD 500 million in convertible debt to finance the expansion of its business

Mexico, Hidalgo, Panacaxtlán
Published 1 month ago
ID #1050
QR CODE
1 photo
Check with seller
Galaxy Digital obtains USD 500 million in convertible debt to finance the expansion of its business
Mexico, Hidalgo, Panacaxtlán,
Published 1 month ago

Description

Galaxy Digital, a cryptocurrency broker and commercial bank founded by billionaire investor Michael Novogratz, announced today, Monday, November 29, 2021, that it will issue $500 million in redeemable senior bonds to accelerate its business initiatives. 


The debt is convertible into capital of the company and has an interest rate of 3% per year, maturing in 2026. Among the new areas of expansion are non-fungible tokens, or NFTs, and the company has committed USD 62 million of its capital in 22 NFT-related companies since the beginning of the year.

MicroStrategy buys $414.4 million worth of Bitcoin, with a total BTC balance exceeding $3.5 billion

Over the years, Galaxy Digital founder and CEO Mike Novogratz has been a famous bull investor in Bitcoin (BTC) and other cryptocurrencies. He has asked other investors to allocate between 1 and 5% of his equity to cryptocurrencies. Under his leadership, the company's assets under management surpassed $3 billion in an update provided in October and they have become one of the largest digital currency investment firms in the world.

The company is registered in the Cayman Islands and its shares are listed on the Toronto Stock Exchange, Canada. However, it is in the process of restructuring to list its shares in the United States next year. The Securities and Exchange Commission has yet to approve its possible debut in the US market.


Vote
Result 2 votes

 

Contact seller

    micaela
    Unregistered user
    You must log in or register a new account in order to contact the advertiser.

    Comments

    Question? Need more information? Want to ask question? Add new comment...
    Ask questions related to this listing only.
    Comments are moderated.
    Add new comment
    Check with seller

    Seller's info

    micaela
    Unregistered user

    Listing location

    Mexico, Hidalgo, Panacaxtlán
    V. Hidalgo 55 De 52st