Galaxy Board Approves $200 Million Stock Buyback Program

GateNews

2026-02-06 14:24:38

BlockBeats News, February 6 — Galaxy Digital announced that its board of directors has approved a stock repurchase plan, authorizing the repurchase of up to $200 million worth of Class A common stock. The plan will last for 12 months, during which Galaxy may repurchase shares through open market purchases, private negotiations, or other methods depending on market conditions.

Galaxy founder and CEO Mike Novogratz stated that this buyback plan is based on the company’s strong balance sheet and confidence in its long-term prospects, aiming to return capital to shareholders when the company’s stock price does not reflect its business value.

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