Galaxy Digital Shares Jump 18% After $200 Million Buyback Approval

Overview

• The authorization covers Class A common stock and permits open-market or privately negotiated purchases, including use of Rule 10b5-1 trading plans.
• Galaxy retains full discretion to begin, pause, or discontinue repurchases at any time with no commitment to buy a set amount.
• Buybacks on Nasdaq are capped at 5% of outstanding shares at program start, and any purchases on the Toronto Stock Exchange require regulatory approval.
• Shares rose 18% to $19.90 after the announcement, reflecting investor approval of the capital return plan.
• The move follows a reported net loss of $482 million in Q4 2025 and a $241 million full-year loss, as CEO Mike Novogratz emphasized entering 2026 from a position of strength.