Core Viewpoint - Galaxy Digital Inc. has received approval from the Toronto Stock Exchange (TSX) for a Normal Course Issuer Bid (NCIB) to repurchase up to $200 million of its Class A common stock, which is expected to enhance shareholder value and address any disconnect between share price and intrinsic value [1][6]. Group 1: NCIB Details - The NCIB will allow Galaxy to purchase up to 14,798,021 Class A common stock, representing approximately 10% of the public float as of January 31, 2026, over a period from February 12, 2026, to February 11, 2027 [2][3]. - The company may acquire up to 284,225 Class A common stock per day on the TSX, which is 25% of the average daily trading volume for the preceding six months [4]. - Purchases will be made at prevailing market prices, and all repurchased shares will be cancelled [5]. Group 2: Strategic Rationale - Galaxy believes that the current market conditions present opportunities to repurchase shares at attractive prices, which could be an effective use of cash resources [6]. - The NCIB is expected to enhance liquidity for shareholders looking to sell and increase the proportionate interests of those wishing to maintain their positions [6]. Group 3: Company Overview - Galaxy Digital Inc. is a global leader in digital assets and data center infrastructure, providing solutions that accelerate progress in finance and artificial intelligence [9]. - The company operates a digital assets platform that offers institutional access to various services, including trading, advisory, and asset management, and has a significant data center infrastructure in North America [9].
/C O R R E C T I O N -- Galaxy Digital Inc./