Galaxy Digital Board Approves $200 Million Stock Buyback Plan

Odaily Galaxy Digital has announced that its board of directors has approved a stock buyback plan, authorizing the repurchase 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 Galaxy's 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 highlights confidence in Galaxy's long-term prospects." (PRNewswire)