Galaxy Digital's board approves a $200 million stock buyback program

Galaxy Digital announced that its board of directors has approved a stock repurchase plan, authorizing the repurchase of up to $200 million of Galaxy Class A common stock, subject to applicable securities laws and exchange regulations.

Galaxy founder and CEO Mike Novogratz stated, "Galaxy has a strong balance sheet and continues to invest in the growth of Galaxy. This foundation allows us to flexibly return capital to shareholders when we believe the stock price does not reflect the company's value. The stock repurchase plan also underscores our confidence in Galaxy's long-term prospects."