Michael Novogratz Donates Galaxy Digital Holdings LP Partnership Units |


NEW YORK, December 31, 2021 / CNW / – Michel novogratz, founder and CEO of Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Digital galaxy“or the”Society“), announced today that an entity of which it is the beneficial owner, Galaxy Group Investments LLC, has donated 8,600,000 Class B limited partnership units (the”Partnership units“) of Galaxy Digital Holdings LP (“GDH SEC“) to December 31, 2021 having a value of approximately CAD 202.1 million (or around 159 million US dollars) using the closing price of the Ordinary Shares (as defined below) on December 30, 2021 (the “DonEach limited partnership unit is, in accordance with the terms of the GDH LP Amended and Restated Fourth Limited Partnership Agreement, and subject to certain limitations, exchangeable for common shares of the Company on a basis of one for one, subject to customary adjustments for stock splits, stock dividends and reclassifications and other similar transactions. The Donation represented approximately 2.73% of the issued and outstanding ordinary shares at the date December 31, 2021 (the “Ordinary actions“) (assuming the conversion of company shares beneficially owned by Mr. Novogratz).

Prior to the donation, Mr. Novogratz beneficially owned 213,696,000 limited partnership shares and 522,945 common shares, which represented approximately 67.95% of the issued and outstanding common shares on December 31, 2021 (assuming the conversion of company shares beneficially owned by Mr. Novogratz). Following the Donation, Mr. Novogratz owns and controls, directly or indirectly, on a fully converted basis, 205,618,945 ordinary shares, representing approximately 65.22% of the issued and outstanding Ordinary Shares on December 31, 2021 (assuming the conversion of the shares of GDH B beneficially owned by Mr. Novogratz).

Michel novogratz contributed the donation to a fund advised by a donor. Among other things, the donation will be used to fund criminal justice and nonprofit projects aimed at systemic change. The gift is a disposition by gift without consideration and has been, or will be, reported on the Electronic Disclosure System by Insiders (SEDI), if applicable.

Mr. Novogratz may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company. For more information, please see the Company’s profile on SEDAR at www.sedar.com. A copy of the Donation Early Warning Report can be obtained from Michel novogratz through the company’s investor relations department at [email protected] The head office of the Company is located at 300, rue Vesey, New York, New York, 10282, United States.

About Galaxy Digital

Galaxy Digital (TSX: GLXY) is a technology-driven financial services and investment management company providing institutions and direct clients with a full suite of financial solutions spanning the digital asset ecosystem. Galaxy Digital operates in the following industries: Trading, Asset Management, Core Investments, Investment Banking and Mining. The CEO and founder of Galaxy Digital is Mike Novogratz. The Company is headquartered at New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (head office), and New Jersey.

Additional information on the Company’s activities and products is available at www.galaxydigital.io.

Forward-looking statements

Certain information contained in this press release, including, but not limited to, statements regarding Mr. Novogratz’s future plans, may constitute forward-looking information (collectively, forward-looking statements), which may be identified by the use of terms such as “may,” “will”, “should”, “expect”, “anticipate”, “plan”, “estimate”, “intend”, “continue” or “believe” (or negatives) or other similar variations. Due to various risks and uncertainties, including those referenced below, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. do not place undue reliance on these forward-looking statements. Additional information identifying assumptions, risks and uncertainties relating to Galaxy Digital is contained in the documents filed by Galaxy Digital at near the Canadian Securities Administrators, available at www.sedar.com. These risks include those discussed in the Risks and Uncertainties section of the Company’s annual information form for the year ended. December 31, 2020. The forward-looking statements contained in this press release speak only as of the date of this press release or as of the date specified in the relevant forward-looking statement.

SOURCE Galaxy Digital Holdings Ltd.


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