• May 28, 2022

Galaxy Digital Announces 10% Public Float Buyback Program

Galaxy Digital Announces 10% Public Float Buyback Program

Galaxy Digital Holdings Ltd. has acquired Pläne for the repurchase of approximately 10.6 million common shares, representing 10% of the company’s public circulation.

This was announced by the company for financial services and digital assets on Wednesday in a Press release with.

According to the company, whose shares are publicly traded on the Toronto Stock Exchange (TSX), the Rückkauppläne have received the support of the Board of Directors. The purchase notice will now be forwarded to the TSX.

The purchase program will last for the next year or will end on Friday when the Company reaches the targeted shares. Galaxy Digital has not conducted any Rückkäufe of common shares in the past two months, the company said in the press release.

On Monday, the crypto-focused company announced its earnings results announced for the first quarter of 2022, which showed a net loss of $111.7 million. The company attributed the loss to the decline in the crypto market and related investments. In the same quarter a year ago, Galaxy Digital made a profit of $ 858.2 million.

On Tuesday, the GLXY price closed at CA$10.52.

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