Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common Stock

Executive Summary

• Galaxy Digital Inc. received TSX approval to commence a Normal Course Issuer Bid, allowing the purchase and cancellation of up to 14,798,021 Class A common shares (≈10% of public float) between Feb 12 2026 and Feb 11 2027.
• The NCIB is part of an up‑to $200 million share repurchase program approved by the Board on Feb 6 2026 and may be executed on TSX, ATS, or Nasdaq under specified daily volume limits.
• Galaxy views the NCIB as a strategic use of cash to enhance shareholder value when market price diverges from intrinsic value.

Key Details

• Program Scope: Up to 14,798,021 Class A common shares (≈10% of public float) may be repurchased and cancelled.
• Timeframe: Commences Feb 12 2026; terminates Feb 11 2027 or earlier if the share limit is reached or the program is terminated.
• Daily Purchase Limits:
• TSX – up to 284,225 shares per day (25% of average daily volume from Aug 1 2025‑Jan 31 2026).
• Nasdaq – up to 25% of average daily volume for the four weeks preceding each purchase.
• Pricing & Method: Purchases at prevailing market prices or as permitted by TSX/Nasdaq rules; may use an automatic purchase plan during blackout periods subject to TSX approval.
• Share Statistics (as of Jan 31 2026): 192,701,065 Class A shares issued and outstanding; public float of 147,980,210 shares.
• Board Approval: Share repurchase program up to $200 million approved on Feb 6 2026.
• No Recent NCIB Activity: Galaxy has not executed an NCIB in the prior twelve months.
• Director/Officer Participation: No current intent by directors or senior officers to sell shares under the NCIB, though future sales may occur if circumstances change.

Notable Quotes

“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… having the option to opportunistically repurchase Class A common stock could be an effective use of its cash resources.” – Galaxy Digital Inc.

All boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.