Galaxy Digital has announced the approval of a share repurchase program, allowing for the buyback of up to $200 million of its Class A common stock over the next 12 months. This move reflects the company’s strategy to invest in its own shares. The announcement comes in the context of a $482 million net loss in Q4, though the firm maintains a strong cash and stablecoin position of $2.6 billion.
Galaxy Digital’s share repurchase program allows for the acquisition of up to $200 million of its Class A common stock over a 12-month period. The program can be executed through various mechanisms including open market purchases and privately negotiated transactions. Additionally, Galaxy may utilize trading plans established under Rule 10b5-1 to facilitate the buybacks. This approach allows the company to strategically repurchase shares in compliance with regulatory guidelines even when certain conditions may restrict direct buybacks. Importantly, Galaxy retains the discretion to suspend or discontinue the program at any time, depending on prevailing market conditions. This flexibility enables the company to adapt the buyback strategy in response to changes in market dynamics or financial outlook Source.
Galaxy Digital reported a net loss of $482 million for the fourth quarter. The company reported full-year adjusted gross profit of $426 million. At year-end, Galaxy’s cash and stablecoin holdings totaled $2.6 billion. These figures were reported in the context of the company’s buyback announcement.
Market context figures noted at the time included a Bitcoin price of about $71,355.30 and an Ethereum price of approximately $2,074.83. Coinbase shares were trading around $163. The Dow Jones Industrial Average was reported to have broken above 50,000. Those market figures were included alongside Galaxy Digital’s financial results in the announcement.
The reported financial results and market data were presented at the time of the buyback announcement. They constitute the reported financial and market context accompanying the announced repurchase program.
Mike Novogratz, founder and CEO of Galaxy Digital, said: “We are entering 2026 from a position of strength, with a strong balance sheet and continued investment in Galaxy’s growth.”
He also said: “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 announcement indicates management’s belief that Galaxy’s shares are undervalued and that the firm has excess capital to deploy.
Those statements appeared in the company’s buyback announcement and reference the firm’s balance-sheet position and its flexibility to return capital to shareholders. The remarks tied the company’s financial position to the approved share repurchase program of up to $200 million to buy back Class A common stock over the next 12 months. Novogratz is identified as Galaxy’s founder and CEO in the announcement.
Galaxy Digital approved a share repurchase program of up to $200 million to buy back its Class A common stock over the next 12 months. The announcement accompanied reported results of a Q4 net loss of $482 million, full-year adjusted gross profit of $426 million, and year-end cash and stablecoins of $2.6 billion, and management said the company has a strong balance-sheet position with flexibility to return capital to shareholders.
