Galaxy Digital approves up to $200M in share buybacks

Galaxy Digital has approved a share buyback program of up to $200 million, Cointelegraph reported. The program authorizes the company to purchase its own Class A common shares over the next 12 months. Galaxy is listed on both the Nasdaq and the Toronto Stock Exchange. If the buyback is conducted on the Toronto Stock Exchange, it will require regulatory approval. On the Nasdaq, the purchase volume is limited to 5% of the company's total issued shares at the time the buyback begins. The specific timing of the program has not been disclosed.