PANews reported on October 28th that Galaxy Digital Inc.'s stock price plummeted after hours after its operating partnership announced a $1 billion convertible bond offering. Sources familiar with the matter revealed that Galaxy Digital Holdings LP is offering 5.5-year bonds convertible into Galaxy Digital common stock with a coupon rate of 0.5% to 1%. After hours on Monday, news of the bond offering sent the company's US stock price down 10.3% to $36.45 per share as of 5:43 pm local time. By Monday's close, its stock price had risen 134% in New York. An earlier statement indicated that the bonds will mature in 2031. The statement stated that the issuer intends to use the net proceeds from the offering to support growth in its core operating business and potentially to repay existing exchangeable senior notes due in 2026.