TLDR
- Galaxy Digital has authorized a $200M share repurchase program to buy back its Class A common stock.
- The repurchase program will span 12 months and may be conducted on the open market or through private transactions.
- Galaxy’s buyback plan is flexible and does not obligate the company to repurchase any shares.
- The program is subject to approval for purchases made on the Toronto Stock Exchange.
- Mike Novogratz, Galaxy’s CEO, expressed confidence in the company’s position as it enters 2026.
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Galaxy Digital Inc. (Nasdaq: GLXY) has authorized a $200 million share repurchase program. The program will allow the company to buy back its Class A common stock over the next 12 months. Galaxy intends to use the repurchase program to return capital to shareholders when its stock is considered undervalued.
Details of the Share Repurchase Program
Galaxy announced that it could buy back shares on the open market or through privately negotiated transactions. The repurchases will follow the guidelines of Rule 10b5-1 trading plans and comply with applicable securities laws and exchange rules. The buyback program remains flexible, with no obligation for Galaxy to repurchase any shares.
The program has a duration of 12 months and will be subject to approval if repurchases are made on the Toronto Stock Exchange. If shares are repurchased on Nasdaq, purchases will be limited to 5% of Galaxy’s outstanding shares at the beginning of the program. The company did not specify when the repurchases would begin or how much of