Galaxy Digital Inc. (GLXY) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
GLXY currently has 192M outstanding shares. with significant dilution risk as 540M authorized shares could dilute existing holders by 280.7%. The company has significantly diluted shareholders by 74.17% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 08, 2026 |
S-3 filing: Registered Holders may offer and sell shares of Class A common stock. |
190M | 540M |
| May 08, 2026 |
10-Q filing | 192.1M shares outstanding |
190M | 280M |
| Dec 09, 2025 |
S-1/A filing: This S-1/A filing, dated 2025-12-09, relates to the offering of Class A common stock by selling stockholders, including shares from a private placement and those issuable upon exchange of 2031 Exchangeable Notes. |
190M | 280M |
| Nov 10, 2025 |
10-Q filing | 174.7M shares outstanding |
170M | 270M |
| Oct 20, 2025 |
S-1 filing: The filing is an S-1 registration statement for the resale of Class A common stock by selling stockholders. |
190M | 270M |
| Aug 05, 2025 |
10-Q filing | 172.4M shares outstanding |
170M | 280M |
| Jun 10, 2025 |
8-K filing: The underwriters purchased 4,380,967 shares of Class A common stock on June 10, 2025 pursuant to their option to purchase additional shares from one of the selling stockholders at the public offering price less the underwriting discount; the Company did not receive any proceeds from the sale of such shares. |
130M | 310M |
| May 28, 2025 |
S-1 filing: This is an S-1 filing for an offering of Class A common stock. |
130M | 310M |
| May 27, 2025 |
S-1 filing: The filing discusses an offering of Class A common stock and describes the terms and conditions of the offering, including the number of shares offered, the use of proceeds, and the voting rights associated with the shares. |
160M | 11M |
| May 13, 2025 |
10-Q filing | 130.9M shares outstanding |
130M | 0 |