Galaxy receives TSX approval for $200 million share buyback program

Galaxy Digital Inc. (NASDAQ: GLX) (TSX: GLXY) received approval from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to $200 million of its Class A common stock, the company announced February 9.

The share repurchase program allows Galaxy to purchase up to 14,798,021 Class A common shares for cancellation during the 12-month period beginning February 12, 2026 and ending February 11, 2027. This represents approximately 10% of the company's public float as of January 31, 2026.

Galaxy can purchase shares through the TSX, alternative Canadian trading systems, or the Nasdaq Global Select Market. Purchases through Nasdaq will not exceed 5% of outstanding Class A common stock at any time within a 12-month period.

As of January 31, 2026, Galaxy had 192,701,065 Class A common shares issued and outstanding with a public float of 147,980,210 shares. Under the program, Galaxy may acquire up to 284,225 Class A common shares per day on the TSX, representing 25% of the average daily trading volume for the period from August 1, 2025 to January 31, 2026.

The company stated it believes the repurchase program can increase shareholder value when a disconnect exists between share price and intrinsic business value. Galaxy indicated current market conditions provide opportunities to acquire shares at attractive prices.

All purchased shares will be cancelled, and repurchases will be made at prevailing market prices in compliance with applicable securities laws. Galaxy may use an automatic purchase plan during certain blackout periods, subject to TSX approval and specific parameters.

The company has not purchased Class A common stock under a normal course issuer bid within the past 12 months. Galaxy operates digital assets and data center infrastructure businesses, with headquarters in New York City and offices across North America, Europe, the Middle East, and Asia.

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