#USA #New York #TSX #Class A Stock #Galaxy Digital

Galaxy Digital's New Share Repurchase Initiative

On February 9, 2026, Galaxy Digital Inc. (Nasdaq: GLX / TSX: GLXY) announced that it has received approval from the Toronto Stock Exchange (TSX) to proceed with a significant share repurchase program. This initiative allows the company to buy back up to $200 million worth of its own Class A common stock over the next year. The approval marks a strategic move by the company's Board of Directors, aimed at enhancing shareholder value and capitalizing on favorable market conditions.

Program Details and Timeline

The normal course issuer bid (NCIB) will span twelve months, commencing from February 12, 2026, and concluding no later than February 11, 2027. Under this scheme, Galaxy plans to cancel up to 14,798,021 shares, which constitutes about 10% of its public float. As of January 31, 2026, the company had 192,701,065 Class A shares outstanding, with a public float of 147,980,210 shares.

Approximately 284,225 shares may be repurchased daily on the TSX, representing 25% of the average daily trading volume recorded in the preceding six months. Additionally, purchases on the Nasdaq will follow similar restrictions, thus ensuring compliance with the rules governing such transactions.

Rationale Behind the Share Buyback

Galaxy Digital has expressed a belief that the current market conditions present valuable opportunities for repurchasing shares at advantageous prices. Such a program could not only bolster liquidity for those looking to sell but also enhance the overall stakes for existing shareholders. Furthermore, a disconnect between the current share price and the company’s intrinsic value has prompted Galaxy's management to enact this buyback as a means of increasing value per share.

The company also anticipates the NCIB will serve as a sound utilization of its cash resources, aligning with its long-term strategy for growth and shareholder benefits.

Safeguards and Compliance

Galaxy Digital intends to adhere strictly to applicable Canadian and U.S. securities laws throughout the buyback process. Purchases made under the NCIB will be executed at prevailing market prices, complying with TSX and Nasdaq regulations. The possibility of initiating an automatic purchase plan during blackout periods will also be explored to ensure the program's smooth implementation.

Notably, no directors or senior officers of Galaxy currently plan to divest any Class A shares during this repurchase program, although individual circumstances may dictate otherwise.

Conclusion

In summary, the approval of Galaxy Digital's share repurchase program from the TSX signifies a proactive approach to enhance shareholder value in alignment with favorable market dynamics. The implementation of this buyback initiative not only reflects the company’s confidence in its intrinsic value but also serves as a strategic financial maneuver in the competitive landscape of digital finance and assets.

For more details about Galaxy Digital and its offerings, you can visit their official website at www.galaxy.com.