US Stock Market Move | Planned issuance of $1 billion in convertible senior notes Galaxy Digital (GLXY.US) plummeted by over 8%.

On Tuesday, Galaxy Digital (GLXY.US) plummeted over 8%, closing at $37.10 per share. In terms of news, on October 27th, the company announced a private placement of $1 billion convertible senior notes, with a previous statement indicating that these bonds will mature in 2031. The statement mentioned that the proceeds from the bond sale will be used to support the growth of core operations, and potentially to repay existing convertible preferred notes due in 2026.