An anonymous director reports

GALAXY ANNOUNCES CLOSING OF ITS US$125 MILLION BOUGHT DEAL FINANCING

Galaxy Digital Holdings Ltd. has closed its previously announced bought deal financing. Canaccord Genuity Corp. acted as lead underwriter to the offering on behalf of a syndicate of underwriters which included Jefferies Securities Inc. and Stifel Nicolaus Canada Inc. Pursuant to the offering, the company issued a total of 12.1 million ordinary shares, on a bought deal basis, at an offering price of $14 per ordinary share for aggregate gross proceeds of $169.4-million (or approximately $125-million (U.S.)).

Certain shareholders, including Galaxy Group Investments LLC, have granted the underwriters an option to purchase up to an additional 1,815,000 ordinary shares (to be issued upon the exchange of Class B units of Galaxy Digital Holdings LP held in accordance with their terms) at the offering price to cover overallotments, if any, and for market stabilization purposes, exercisable for a period of 30 days following the date hereof.

The net proceeds of the offering to the company will be used for general corporate purposes and working capital, as set forth in its prospectus supplement to its base shelf prospectus dated March 26, 2024. The company will not receive any proceeds from the sale of ordinary shares in connection with the overallotment option.

About Galaxy Digital Holdings Ltd.

Galaxy is a digital asset and blockchain leader providing access to the growing digital economy. The company serves a diversified client base, including institutions, start-ups and qualified individuals. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operation businesses: (i) global markets; (ii) asset management; and (iii) digital infrastructure solutions. The company's offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in New York, with global offices across North America, Europe and Asia.

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