Northwire Canada EditionThursday, October 15, 2026
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/C O R R E C T I O N -- Galaxy Digital Inc./

GLXY · Price

Executive Summary

  • Galaxy Digital Inc. announces that the Toronto Stock Exchange (TSX) has approved its Notice of Intention to Make a Normal Course Issuer Bid (NCIB) for up to $200 million worth of Class A Common Stock.
  • The NCIB allows Galaxy to repurchase up to 14,798,021 Class A common shares (approximately 10% of the public float) over a 12-month period from February 12, 2026, to February 11, 2027.
  • Purchases will be made at prevailing market prices on the TSX, Nasdaq, or alternative Canadian trading systems, with all repurchased shares to be cancelled.

Key Details

  • Program Value: Up to $200 million share repurchase program, approved by the Board of Directors on February 6, 2026.
  • Approval: TSX accepted the Notice of Intention to Make a Normal Course Issuer Bid (NCIB).
  • Share Quantity: Up to 14,798,021 Class A common stock may be purchased.
  • Float Percentage: Represents approximately 10% of the public float as of January 31, 2026.
  • Duration: Commencing February 12, 2026, and ending no later than February 11, 2027 (or earlier if maximum shares are purchased or the bid is terminated).
  • Outstanding Shares: As of January 31, 2026, the Company had 192,701,065 Class A common stock issued and outstanding.
  • Public Float: 147,980,210 Class A common stock as of January 31, 2026.
  • Daily Purchase Limits (TSX): Up to 284,225 Class A common stock per day (25% of the average daily trading volume from August 1, 2025, to January 31, 2026, which was 1,136,902 shares).
  • Daily Purchase Limits (Nasdaq): Maximum 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to block purchase exceptions.
  • Trading Venues: Purchases may occur through the TSX, alternative Canadian Trading Systems, or Nasdaq Global Select Market.
  • Pricing: Purchases will be made at prevailing market prices or other prices permitted under TSX/Nasdaq rules and applicable securities laws.
  • Automatic Purchase Plan: The Company may rely on an automatic purchase plan during predetermined blackout periods, subject to TSX approval.
  • Cancellation: All Class A common stock purchased under the NCIB will be cancelled.
  • Insider Intent: To the knowledge of Galaxy, no director or senior officer currently intends to sell shares under the NCIB, though personal circumstances may change.
  • Correction Note: This release corrects an error in the original transmission where the Nasdaq ticker was incorrectly listed as "GLX" instead of "GLXY".

Notable Quotes

  • "Galaxy believes that when a disconnect exists between the share price and the intrinsic value of the business, an NCIB can increase shareholder value and per share growth."
  • "Further, the Company believes that current market conditions provide opportunities for the Company to acquire Class A common stock at attractive prices."
  • "It would both enhance liquidity for shareholders seeking to sell and provide an increase in the proportionate interests of shareholders wishing to maintain their positions."
Read the original news release →

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