Galaxy Digital Inc. has completed its first SEC-registered underwritten offering of Class A common stock, raising $683.6 million. The company, known for its work in digital assets and artificial intelligence infrastructure, conducted this offering as a listed entity on the Nasdaq Global Select Market. The transaction was finalized on June 3, 2025.
Cravath represented the underwriters in this significant financial event. The Cravath team included several key members: partners D. Scott Bennett and Ryan J. Patrone, along with counsel Ellen H. Park and associates Lucille Dai-He and E. Celeste Kearney handled capital markets matters; partner Andrew T. Davis with associates Tristan Baylor and Jonathan Minion focused on tax issues; partner Matthew J. Bobby, practice area attorney Courtnii Lamar, and associate Matthew S. Johnson worked on executive compensation and benefits; partner Sasha Rosenthal-Larrea with associate Vincent Joralemon managed intellectual property concerns; partner John D. Buretta with counsel Megan Y. Lew addressed regulatory matters; finally, partner Matthew Morreale with associate Star S. Gulant dealt with environmental aspects.