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Shares of Galaxy Digital (GLXY) jumped 18% to $19.90 in the latest trading session after the company announced the approval of a share repurchase program of up to $200 million, to be executed over the next 12 months.
According to the official disclosure, Galaxy Digital may repurchase its shares through open market transactions, privately negotiated deals, or pre-arranged trading plans under Rule 10b5-1. The company also retains full discretion to pause, modify, or terminate the buyback program at any time, depending on market conditions and internal capital requirements.
A Strong Signal of Confidence From Management
The announcement is widely viewed as a strong signal from Galaxy Digital’s leadership that the company believes its stock is undervalued at current levels. Share buyback programs are often interpreted as a vote of confidence in a company’s long-term prospects, particularly when management chooses to return capital to shareholders rather than preserve excess cash.
By reducing the number of shares outstanding, buybacks can help support share prices, improve earnings per share metrics, and reinforce investor confidence—especially during periods of heightened market volatility and uncertainty.
Financial Headwinds, But Solid Liquidity Remains
The move comes after Galaxy Digital reported a net loss of $482 million in the fourth quarter, which had weighed on the stock in recent weeks. The loss reflected challenging market conditions, valuation adjustments, and ongoing volatility across digital asset markets.
Despite the short-term pressure, Galaxy emphasized that its full-year adjusted gross profit reached $426 million, demonstrating the underlying strength of its core businesses. More importantly, the company ended the year with approximately $2.6 billion in cash and stablecoins, underscoring its strong liquidity position and resilient balance sheet.
Strategic Flexibility in a Volatile Market
CEO Mike Novogratz highlighted that Galaxy’s solid financial foundation allows the firm to remain flexible—continuing to invest in long-term growth initiatives while also returning capital to shareholders when market pricing does not accurately reflect the company’s intrinsic value.
This dual approach positions Galaxy to navigate ongoing market volatility while maintaining strategic optionality as digital asset markets evolve.
Broader Market Context
Galaxy Digital’s rally stands out amid broader uncertainty across both traditional equity markets and the crypto sector. The sharp price reaction suggests that investors are increasingly rewarding companies with strong balance sheets, disciplined capital management, and clear signals of confidence from leadership.
While near-term risks remain, the buyback announcement has shifted market sentiment toward a more constructive outlook for Galaxy’s equity.
📌 Disclaimer:
This article is for informational purposes only and represents a personal market commentary. It does not constitute financial or investment advice. Investors should conduct their own independent research before making any investment decisions. The author assumes no responsibility for any financial outcomes resulting from actions taken based on this content.
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NEW YORK — Galaxy Digital (GLXY), a leading digital asset and infrastructure provider, has announced its financial results for the second quarter of 2025, showcasing a significant turnaround and strategic growth. The company reported a net income of $30.7 million, or $0.08 per diluted share, a sharp reversal from a net loss of $295 million in the first quarter. This strong performance was primarily fueled by the appreciation of its digital asset holdings and a robust performance in its core digital asset businesses.

Financial Highlights
Profitability: Galaxy's Q2 net income of $30.7 million was driven by a strong rebound in the crypto market. Adjusted EBITDA for the quarter reached an impressive $211 million, backed by a $228 million adjusted gross profit from its treasury and corporate segment.
Balance Sheet Strength: As of June 30, the company's total assets grew by 43% quarter-over-quarter to $9.086 billion. Total equity expanded to $2.62 billion, while cash and stablecoin holdings remained strong at $1.2 billion, providing a solid foundation for future investments.
Digital Asset Growth: The firm's Bitcoin holdings increased to 17,102 BTC, with a total of 4,272 BTC added during the quarter. This growth reflects a broader bullish sentiment in the market.

Operational and Strategic Milestones
The second quarter was marked by several key operational achievements that position Galaxy for long-term growth:
Nasdaq Listing: On May 16, Galaxy officially completed its corporate restructuring and began trading on the Nasdaq under the ticker symbol GLXY. This landmark achievement aims to enhance the company's market presence and attract a wider institutional investor base.
Helios Data Center Expansion: Galaxy's infrastructure business is rapidly expanding. In the third quarter, the company's AI tenant, CoreWeave, committed to the full 800MW of power capacity at the Helios data center campus. Furthermore, Galaxy has signed an agreement to acquire an adjacent 160 acres and a 1GW load interconnection request, which will expand the total potential power capacity at the Helios campus to a staggering 3.5 GW.
Record-Breaking Client Transaction: In July, Galaxy's digital asset business achieved its best monthly performance to date, largely due to a significant transaction involving the sale of over 80,000 bitcoins on behalf of a client—one of the largest such deals in the industry.

While the financial results were overwhelmingly positive, the market's reaction was mixed, with Galaxy's stock experiencing a slight dip. However, CEO Mike Novogratz expressed strong optimism about the future, stating that "all our businesses are starting to fire on all cylinders" and that July's record performance signals a promising trajectory. The company is strategically positioning itself as a key infrastructure provider for both digital assets and high-performance computing, with its expanded Helios campus set to become a top-tier data center globally.

Source: Based on Galaxy Digital's official press release and reporting from Cointelegraph and CoinCentral.