Galaxy Authorizes $200M Share Buyback Amid Crypto Market Downturn

Galaxy Digital Inc. (Nasdaq: GLXY) has licensed a share repurchase program of as much as $200 million, permitting the corporate to purchase again its Class A standard inventory over the subsequent 12 months.

In line with an organization announcement, the repurchases could also be performed on the open market or by means of privately negotiated transactions, together with below Rule 10b5-1 buying and selling plans, and stay topic to relevant securities legal guidelines and alternate guidelines. This system doesn’t obligate Galaxy to repurchase any shares and could also be suspended or discontinued at any time.

The buyback program has a time period of 12 months and, if performed on the Toronto Inventory Trade, stays topic to regulatory approval below a traditional course issuer bid. Purchases made on Nasdaq can be capped at 5% of Galaxy’s excellent shares firstly of this system, in response to the announcement.

Galaxy is listed on the Nasdaq and the Toronto Inventory Trade and operates throughout digital asset buying and selling, asset administration, staking, custody and information middle infrastructure. The corporate didn’t disclose how a lot of the $200 million authorization it expects to make use of, or when repurchases would possibly start.

Mike Novogratz, founder and CEO of Galaxy, mentioned the corporate is “coming into 2026 from a place of energy,” including that its stability sheet and ongoing investments give it flexibility to return capital when administration believes the inventory is undervalued.

The information comes three days after Galaxy reported a net loss of $482 million for the fourth quarter of 2025 and a $241 million loss for the total 12 months, citing decrease digital asset costs and about $160 million in one-time prices.

On the time of writing, shares of Galaxy have been up about 17% over 24 hours, however remained down about 25% for the month, in response to Yahoo Finance.

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Market downturn impacts crypto shares

Galaxy’s current share-price decline displays a broader pullback throughout crypto-related equities, as Bitcoin has fallen over the previous month from January highs above $97,000 to to a low of about $60,300 on Thursday.

Shares of Coinbase World (COIN) have been down about 36% over the previous month, whereas Circle Web Group (CRCL) fell about 34% over the identical interval and about 65% over six months.

Technique (MSTR), the biggest public holder of Bitcoin with 713,502 BTC on its stability sheet, has fallen about 20% over the previous month and almost 68% over six months. Cointelegraph reported Thursday that the corporate posted a $12.4 billion net loss in the fourth quarter of 2025.

Bitcoin mining shares have additionally declined, with MARA Holdings (MARA) down about 27% over the previous month and about 52% over the previous six months, whereas IREN Restricted (IREN) is down about 8% on the month.

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