Galaxy Digital, a Cryptocurrency brokerage and merchant bank created by billionaire investor Michael Novogratz, revealed that it would be issuing $500 million in exchangeable senior notes to fund commercial activities. The debt is convertible into business equity and has a 3% annual interest rate with a 2026 maturity date. The firm has invested $62 million in 22 NFT-related startups, making it one of its new growing areas.