Galaxy Initiates $200M Buyback Program for Class A Shares

Galaxy has announced a $200 million buyback of Class A shares amid falling stock prices, reflecting broader trends in the cryptocurrency market.

Galaxy Digital has officially approved a substantial buyback program for its Class A shares, authorizing up to $200 million over the next year. This decision comes at a time when the company's stock, along with other cryptocurrency-related equities, has seen a downward trend, closely following Bitcoin's price movements.