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/C O R R E C T I O N -- Galaxy Digital Inc./
Galaxy Digital's Board approved a 12-month program to repurchase up to 10% of its public float, aiming to boost shareholder value and liquidity amid favorable market conditions.
- TSX accepted Galaxy Digital's notice for a Normal Course Issuer Bid tied to a $200 million repurchase program, announced Feb. 9, 2026, allowing purchases through TSX, Nasdaq, and other systems.
- Galaxy says current market conditions provide opportunities to acquire Class A common stock at attractive prices and that opportunistic repurchases can increase shareholder value and per-share growth.
- Under the NCIB, the company may acquire up to 284,225 Class A common stock per day on the TSX and purchases on Nasdaq are limited to 25% of average daily volume with a 5% yearly cap, using an automatic purchase plan at prevailing market prices.
- For sellers and holders, repurchases could enhance liquidity and raise proportionate interests, and to Galaxy Digital Inc.'s knowledge, no director or senior officer currently intends to sell.
- The company issued a corrected release on Feb. 9, 2026 after PR Newswire introduced errors, noted it has not repurchased under an NCIB in the past twelve months, and included forward-looking disclaimers and regulatory risks.
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Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common Stock
NEW YORK, Feb. 9, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLX) (TSX: GLXY) ("Galaxy" or the "Company") announces today that, in connection with the up to $200 million share repurchase program approved by the Board of Directors on February…
Coverage Details
Total News Sources14
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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