Galaxy Digital Rises on $200M Stock Buyback Authorization

Dow Jones

Feb 06

By Elias Schisgall

Shares of Galaxy Digital were higher after the cryptocurrency and data center infrastructure company said its board approved a $200 million stock-buyback program.

Shares rose 13% to $19.07 in Friday morning trading. The stock is up 1.1% over the past year.

Chief Executive Mike Novogratz said Friday that the 12-month share-repurchase authorization was enabled by the company's strong balance sheet and business position.

"That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business," Novogratz said. "The share-repurchase program also underscores our confidence in Galaxy's long-term prospects."

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 06, 2026 10:12 ET (15:12 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2609359248"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2609359248\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2609359248?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 23:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609359248","market":"sg","top_or_hot":-1,"title":"Galaxy Digital Rises on $200M Stock Buyback Authorization","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Elias Schisgall \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/GLXY\">Galaxy Digital</a> were higher after the cryptocurrency and data center infrastructure company said its board approved a $200 million stock-buyback program. \n</p>\n<p>\n  Shares rose 13% to $19.07 in Friday morning trading. The stock is up 1.1% over the past year. \n</p>\n<p>\n  Chief Executive Mike Novogratz said Friday that the 12-month share-repurchase authorization was enabled by the company's strong balance sheet and business position. \n</p>\n<p>\n  \"That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business,\" Novogratz said. \"The share-repurchase program also underscores our confidence in Galaxy's long-term prospects.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 10:12 ET (15:12 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Galaxy Digital Rises on $200M Stock Buyback Authorization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGalaxy Digital Rises on $200M Stock Buyback Authorization\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-06 23:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Elias Schisgall \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/GLXY\">Galaxy Digital</a> were higher after the cryptocurrency and data center infrastructure company said its board approved a $200 million stock-buyback program. \n</p>\n<p>\n  Shares rose 13% to $19.07 in Friday morning trading. The stock is up 1.1% over the past year. \n</p>\n<p>\n  Chief Executive Mike Novogratz said Friday that the 12-month share-repurchase authorization was enabled by the company's strong balance sheet and business position. \n</p>\n<p>\n  \"That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business,\" Novogratz said. \"The share-repurchase program also underscores our confidence in Galaxy's long-term prospects.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 10:12 ET (15:12 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609359248","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609359248","pubTimestamp":1770390720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Galaxy Digital were higher after the cryptocurrency and data center infrastructure company said its board approved a $200 million stock-buyback program.Shares rose 13% to $19.07 in Friday morning trading. The stock is up 1.1% over the past year.Chief Executive Mike Novogratz said Friday that the 12-month share-repurchase authorization was enabled by the company's strong balance sheet and business position.\"That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business,\" Novogratz said. \"The share-repurchase program also underscores our confidence in Galaxy's long-term prospects.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","GLXY":"Galaxy Digital Holdings Ltd."},"translate_title":"Galaxy Digital因2亿美元股票回购授权而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLXY":0.9},"content_text":"By Elias Schisgall \n\n\n \n\n\n  Shares of Galaxy Digital were higher after the cryptocurrency and data center infrastructure company said its board approved a $200 million stock-buyback program. \n\n\n  Shares rose 13% to $19.07 in Friday morning trading. The stock is up 1.1% over the past year. \n\n\n  Chief Executive Mike Novogratz said Friday that the 12-month share-repurchase authorization was enabled by the company's strong balance sheet and business position. \n\n\n  \"That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business,\" Novogratz said. \"The share-repurchase program also underscores our confidence in Galaxy's long-term prospects.\" \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 10:12 ET (15:12 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}