Board Approves $200M Repurchase Over 12 Months
On February 6, 2026, Galaxy Digital's Board of Directors authorized a share repurchase program to acquire up to $200 million of the company's Class A common stock. The program is set to last for 12 months and allows for purchases through the open market, privately negotiated transactions, or other approved methods. Repurchases on the Nasdaq will not exceed 5% of the total common stock issued and outstanding at the start of the program, ensuring compliance with securities laws and exchange requirements.
Management Signals Stock is Undervalued
The buyback program serves as a strong signal of management's confidence in the firm's financial health and future growth. Galaxy plans to fund the repurchases from its balance sheet, which CEO Mike Novogratz described as a "position of strength" entering 2026. This action is a direct capital return to shareholders and underscores the executive team's view that the stock's market price does not fully reflect the company's intrinsic value.
That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn’t reflect the value of the business. The share repurchase program also underscores our confidence in Galaxy’s long-term prospects.
— Mike Novogratz, Founder and CEO of Galaxy.
