Today news
About the same in other media
Galaxy Digital raises $500 million in convertible debt to fund business expansion
Reading now: 724
Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum, with maturity in 2026. New expansion areas include non-fungible tokens, or NFTs, with the firm committing $62 million of its capital into 22 NFT related companies since the start of the year.
Over the years, Galaxy Digital founder and CEO Mike Novogratz has been a famed bullish investor of Bitcoin (BTC) and other cryptocurrencies. He has called on other investors to allocate anywhere between 1% to 5% of their portfolio into
Read more on cointelegraph.comAbout this in other media
Mnemonic raises $4 million to launch B2B API platform focused on NFT's cointelegraph.com /3 years ago
French fintech startup Lydia raises $100 million in series C funding round cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
