Galaxy Digital to pursue $200 million share buyback

Uk Jin

Summary

Galaxy Digital said it will pursue a $200 million buyback of Class A common shares following board approval.
The share buyback will be conducted through various methods, including open-market purchases and off-market transactions, and will comply with Nasdaq and Toronto Stock Exchange (TSX) rules.
CEO Mike Novogratz said the company is entering 2026 with a solid financial foundation and continued growth investment, and has secured flexibility for capital returns when the share price does not fully reflect the company’s value.

According to PR Newswire, global digital-asset financial firm Galaxy Digital said on the 6th it will pursue a share buyback worth $200 million (about 260 billion won).

Specifically, Galaxy Digital said its board has authorized the repurchase of up to $200 million worth of Class A common shares. The buyback is expected to be carried out through various methods, including open-market purchases and off-market transactions.

The company explained that if repurchases are made on Nasdaq, the program cannot exceed 5% of outstanding shares as of the program start date under relevant rules, and that on the Toronto Stock Exchange (TSX) it must obtain approval for a normal course issuer bid (NCIB).

Galaxy Digital CEO Mike Novogratz said, "We are heading into 2026 with the strength of a solid financial foundation and continued growth investment," adding, "We have secured the flexibility to return capital to shareholders when we believe the share price does not fully reflect the company’s value."