Galaxy Digital Stock Surges 18% Following $200 Million Buyback Approval

Galaxy Digital's stock rises significantly after the company announces a $200 million share repurchase plan, reflecting confidence in its financial health.

Following a week filled with fluctuating earnings reports, Galaxy Digital has announced a major initiative that has sent its shares soaring by 18%. The firm has officially approved a $200 million share buyback plan, showcasing its strong belief in the stability and strength of its financial position.

This strategic move is expected to bolster investor confidence and demonstrate the company's commitment to enhancing shareholder value amid recent market volatility.