By Robb M. Stewart

Galaxy Digital Holdings bumped up the size of a proposed equity raising to roughly $125 million, priced at a discount to the last closing price for the stock.

The digital asset and blockchain company, which has earmarked the proceeds of the bought deal public offering for working capital and general corporate purposes, said Tuesday it now plans to sell 2.35 million of its shares at 14 Canadian dollars ($10.31) each to underwriter Canaccord Genuity.

Earlier in the day, the company said it planned to offer 9.75 million shares through the bought deal financing, which would have raised about $100 million in gross proceeds.

Galaxy's shares last closed at C$16.05 in Toronto, up 55% so far this year.

The underwriter's option to buy additional shares from certain shareholders also was bumped up, to as many as 1.82 million shares from 1.5 million previously. The selling shareholders include Galaxy Group Investments.

The offering is set to close on or about Friday, Galaxy said.

Late last month, the company swung to a fourth-quarter net income of $301.5 million from a year-earlier loss of $288.8 million as fee revenue and lending and staking revenue each more than doubled.

Write to Robb M. Stewart at

(END) Dow Jones Newswires

04-09-24 0955ET