Galaxy Authorizes $200M Share Buyback Amid Crypto Market Downturn

Galaxy Digital Inc. has authorized a share repurchase program of up to $200 million to buy back its Class A common stock over the next 12 months. Repurchases may be made on the open market or via privately negotiated transactions, including under Rule 10b5-1 trading plans, and remain subject to securities laws and exchange rules.

The program does not obligate Galaxy to repurchase any shares and may be suspended or discontinued at any time. If conducted on the Toronto Stock Exchange, the program is subject to regulatory approval under a normal course issuer bid; purchases on Nasdaq would be capped at 5% of Galaxy’s outstanding shares at the start of the program.

Galaxy, which is listed on Nasdaq and the Toronto Stock Exchange, operates across digital asset trading, asset management, staking, custody and data center infrastructure. The company did not disclose how much of the $200 million authorization it expects to use, or when repurchases might begin.