Galaxy Digital Board Approves $200 Million Stock Buyback Program

SmartContractAuditor · 2026-02-06T17:20:09+00:00

Galaxy Digital announces that the board has approved a repurchase of up to $200 million of Class A common stock. CEO Mike Novogratz stated that this plan reflects confidence in the company's long-term prospects and the ability to flexibly reward shareholders.

SmartContractAuditor

2026-02-06 17:20:09

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Odaily Planet Daily News reports that Galaxy Digital announced that its board of directors has approved a stock repurchase plan, authorizing the repurchase of up to $200 million worth of Galaxy Class A common stock. The repurchase must comply with applicable securities laws and stock exchange regulations. Galaxy founder and CEO Mike Novogratz stated, “Galaxy has a solid balance sheet and continues to invest in Galaxy’s growth. This foundation allows us to flexibly return capital to shareholders when we believe the stock price does not reflect the company’s value. The stock repurchase plan also underscores confidence in Galaxy’s long-term prospects.” (PRNewswire)

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