Galaxy Digital Board Approves $200 Million Stock Buyback Plan

Odaily News: Galaxy Digital announced that its board of directors has approved a stock repurchase plan, authorizing the buyback of up to $200 million worth of Galaxy Class A common shares. The repurchase is subject to applicable securities laws and stock exchange regulations. Galaxy founder and CEO Mike Novogratz stated, "Galaxy has a strong balance sheet and continues to invest in its growth. This foundation allows us the flexibility to return capital to shareholders when we believe the stock price does not reflect the company's value. The stock buyback plan also underscores our confidence in Galaxy's long-term prospects." (PRNewswire)