Galaxy Digital Board Approves $200M Stock Buyback Program

KuCoinFlash

Release Time: 02/06/2026 14:32:10

Summary

Galaxy Digital announced on February 6 that its board approved a $200 million stock buyback program for Class A common shares. The 12-month plan allows repurchases via open market, negotiated deals, or other methods based on market conditions. CEO Mike Novogratz said the move reflects the company’s strong balance sheet and confidence in its long-term value. He added that the buyback aims to return capital to shareholders when the stock price doesn’t reflect the true value of the digital asset market. On-chain data shows Galaxy has consistently maintained a solid financial position.

BlockBeats news, on February 6, Galaxy Digital announced that its board has approved a stock buyback program, authorizing the repurchase of up to $200 million of Class A common shares. The program lasts for 12 months, and Galaxy can repurchase through open market purchases, private negotiated transactions, or other methods depending on market conditions.

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

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