Galaxy Greenlights $200M Buyback for Class A Shares

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Galaxy Greenlights $200 Million Buyback for Class A Shares

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 06, 2026

Key Takeaways

Galaxy Digital Inc. approved a one-year plan that allows up to $200 million in Class A share buybacks under flexible rules;
Purchases on Nasdaq face a 5% cap, while TSX activity requires regulatory approval under issuer bid rules;
Galaxy gave no timeline for buybacks, but leadership signaled confidence in the company’s financial position.

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Galaxy Greenlights $200 Million Buyback for Class A Shares

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Galaxy Digital Inc. approved a plan to repurchase up to $200 million of its Class A common stock over the next year.

According to a press release, the company said it may buy shares in the open market or through private transactions. It may also use Rule 10b5-1 trading plans.

All activity must follow securities laws and exchange rules. Galaxy is not required to buy any shares, and it can stop or end the plan whenever it decides.

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The authorization lasts for 12 months. If Galaxy buys shares on the Toronto Stock Exchange, the activity must comply with normal course issuer bid rules and obtain regulatory approval.

If purchases occur on Nasdaq, the company can buy up to 5% of the shares that were outstanding at the start of the program.

Galaxy trades on both the Nasdaq and the Toronto Stock Exchange. Its business covers digital asset trading, asset management, staking, custody and data center operations.

The company did not say how much of the $200 million it will use or when it expects to start buying shares.

Mike Novogratz, Galaxy’s founder and CEO, said the company is “entering 2026 from a position of strength". He said its balance sheet and ongoing investments give management room to return capital when they believe the stock trades below fair value.

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