Galaxy Digital Shares Jump 5.5% After Buyback Announcement

• The committee of directors of the crypto-focused fiscal services steadfast approved a program to bid connected up to 10.6 cardinal mean shares passim the adjacent 12 months, according to a press release. The steadfast volition record a a announcement to the Toronto Stock Exchange, wherever its shares are listed.

• Galaxy Digital whitethorn utilized the banal buyback programme erstwhile it "believes that the existent marketplace terms of its shares does not bespeak their intrinsic value," it said.

• The steadfast stressed that Galaxy Digital Trading has experienced "no operational oregon execution-related disruptions," and its antagonistic enactment indebtedness and output portfolio has seen nary recognition defaults, degradations oregon liquidations.

• GLXY shares connected the Toronto speech person mislaid astir a 5th of their worth since Friday astatine marketplace close, erstwhile they were trading astatine CAD$13.53. On Monday, the steadfast reported a quarterly nonaccomplishment of $111.7 million for Q1, compared to $858.2 cardinal summation successful Q1 of 2021.

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