Galaxy Launches $200M Share Buyback, Citing Strong Balance Sheet and Long-Term Confidence

NEW YORK — Feb. 6, 2026 — Galaxy Digital Inc. (Nasdaq/TSX: GLXY) said its Board of Directors has approved a share repurchase program authorizing the company to buy back up to $200 million of its Class A common stock.

Founder and CEO Mike Novogratz framed the move as a capital return lever enabled by what he described as a strong starting point for the year.

“We are entering 2026 from a position of strength, with a strong balance sheet and continued investment in Galaxy’s growth,”

Novogratz said, adding that the buyback provides flexibility to return capital when the company believes the stock price does not reflect the underlying business value—and signals confidence in Galaxy’s long-term prospects.

How the buyback may be executed

Galaxy said repurchases may be made from time to time through:

• Open market purchases
• Privately negotiated transactions
• Other methods, including trading plans intended to qualify under Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended

The company said repurchases will be subject to applicable securities laws and stock exchange requirements.

For buybacks executed through the Toronto Stock Exchange (TSX), Galaxy noted it would need to submit an application and receive TSX approval for a normal course issuer bid.

For purchases made through Nasdaq, Galaxy said — unless otherwise permitted by law — buys will not exceed 5% of the common stock issued and outstanding at the start of the program, and will be conducted at prevailing market prices or other prices permitted under applicable rules.

Timing, limits, and what investors should (and shouldn’t) assume

Galaxy emphasized that the pace and total amount of repurchases will depend on business, economic and market conditions, legal and regulatory requirements, stock price levels, and other factors.

The program is set to run for 12 months, can be suspended or discontinued at any time, and does not obligate Galaxy to buy any specific amount of stock. The company said there is no assurance how many shares it will repurchase, if any, or at what prices.

Quick context on Galaxy

Galaxy describes itself as a global firm spanning digital assets and data center infrastructure, with an institutional platform that includes trading, advisory, asset management, staking, self-custody, and tokenization technology. It also develops and operates data center infrastructure for AI and HPC workloads, highlighting its 1.6 GW Helios campus in Texas as a core asset.

Industry takeaway: why this matters for crypto and digital-asset equities

Buybacks aren’t a crypto-native concept, but in the digital-asset sector they carry an extra signal: management is willing to deploy capital even in a volatile market environment.

For investors watching listed crypto firms, this move matters because it:

• Reinforces the “balance-sheet strength” narrative at a time when many crypto-exposed businesses are judged primarily on liquidity and resilience
• Adds a capital-return tool that can support equity valuation during periods when fundamentals outpace share performance
• Highlights the growing maturity of public crypto companies, where shareholder-friendly actions increasingly sit alongside expansion into infrastructure (including AI/HPC data centers)

In short: a $200M authorization is Galaxy telling the market it intends to stay aggressive on growth—while reserving room to buy its own stock when it views the valuation as disconnected from the business.

Source: Galaxy Announces $200 Million Share Repurchase Program