Galaxy Digital shares surged 18% after the crypto-focused financial services firm announced the approval of a US$200 million share buyback programme, signalling confidence in its balance sheet and long-term growth outlook.
The company said the repurchase initiative allows Galaxy Digital to buy back its shares on the open market or through privately negotiated transactions, subject to market conditions and regulatory approvals. Management described the move as a strategic capital allocation decision aimed at enhancing shareholder value amid improving sentiment across digital asset markets.
Galaxy Digital, which operates across trading, asset management, investment banking and digital infrastructure, has benefited from renewed momentum in the crypto sector as institutional interest rebounds and market volatility eases compared with previous years.
Executives said the buyback reflects their view that the company’s shares are undervalued relative to its fundamentals, balance sheet strength and long-term prospects. The programme is expected to be funded from existing cash reserves and operating cash flows, without impacting the firm’s core business operations.
Investors welcomed the announcement, driving the stock sharply higher in heavy trading. Analysts noted that buybacks are relatively uncommon among crypto-native firms and interpreted Galaxy’s move as a sign of financial maturity and discipline, particularly at a time when the industry is seeking to rebuild trust following past market disruptions.
More Read
The buyback approval comes as Galaxy continues to expand its presence in digital asset infrastructure and institutional crypto services, positioning itself to benefit from the next phase of market growth.
