[Galaxy Digital Announces $1 Billion Convertible Bond Offering, Stock Price Plummets] According to Bloomberg, Galaxy Digital Inc.'s operating partnership announced a $1 billion convertible bond offering, leading to a sharp drop in its after-hours stock price. Sources revealed that Galaxy Digital Holdings LP is issuing bonds with a 5.5-year term, which can be converted into Galaxy Digital common stock, carrying a coupon rate of 0.5% to 1%. On Monday after hours, impacted by the bond offering news, the company's U.S. stock price fell 10.3% to $36.45 per share as of 5:43 PM local time. Prior to Monday's close, its stock price had already surged 134% in the New York market. An earlier statement indicated that these bonds will mature in 2031. The statement also mentioned that the issuer plans to use the net proceeds from this bond offering to support the growth of its core operating business and may use them to repay existing exchangeable senior notes maturing in 2026.