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Galaxy Digital Launches $200M Share Buyback Program

Galaxy Digital Launches $200M Share Buyback Program

Author:

Global Cryptocurrency

Published:

2026-02-06 17:43:02

24

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BTCCSquare news:

Galaxy Digital (Nasdaq: GLXY) has greenlit a $200 million share repurchase initiative, signaling confidence in its undervalued stock. The 12-month program permits open market or private transactions, contingent on Toronto Stock Exchange approval.

CEO Mike Novogratz frames the MOVE as a capital return strategy ahead of 2026. The flexible plan imposes no repurchase obligations, with Nasdaq buybacks capped at 5% of outstanding shares.

The announcement underscores Galaxy's bullish stance amid crypto market turbulence - a calculated bet on digital asset recovery.

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