Galaxy Digital is trading 4.3% down at $23.27 after announcing a $3.507 billion senior secured notes offering to fund a large-scale data center project in Texas.
- The capital raise is weighing on investor sentiment as the market weighs the increased leverage and execution risks associated with the massive infrastructure project.
- The downward move aligns with broader pressure on crypto-exposed equities, as Bitcoin and Ethereum both declined by approximately 2%.