Galaxy Digital Inc. (GLXY) Stock: Surges After $200M Buyback Amid Crypto Market Turmoil

TLDR

• Galaxy Digital boosts confidence with a $200M share buyback plan
• Bitcoin’s slide triggers broad pressure across crypto-linked stocks
• Coinbase stock sinks as weak liquidity hits trading activity
• MicroStrategy tumbles as Bitcoin exposure magnifies volatility
• Crypto equities mirror Bitcoin’s retreat from January highs

Galaxy Digital’s stock rose sharply after the company authorized a $200 million share buyback program, and the move signaled renewed confidence in its long-term strategy. The company confirmed that it will repurchase Class A shares over the next twelve months, and the plan covers both Nasdaq and Toronto listings. Moreover, the authorization arrived as crypto-linked equities faced broad pressure from falling digital asset prices.

Galaxy Digital Share Buyback Plan

Galaxy Digital approved a structured repurchase program that permits open-market and private transactions, and the plan aligns with current securities rules. The company may also use Rule 10b5-1 trading plans to manage purchases, and the initiative remains flexible through its one-year duration. However, the program does not require specific purchase levels and may stop at any time.

The Nasdaq listing places a cap of 5 percent of outstanding shares for buyback activity, and this limit applies from the program’s start. Meanwhile, repurchases on the Toronto Stock Exchange require additional regulatory approval, and the firm stated that timing will depend on market conditions. Therefore, Galaxy Digital retains full discretion over the scale and pace of the initiative.

Galaxy Digital reported recent losses tied to weaker digital asset valuations, and the firm noted one-time charges that affected quarterly results. Yet the company emphasized that its balance sheet remains strong and that it will continue allocating capital toward strategic growth. Consequently, management views the current market environment as suitable for selective share repurchases.

COIN Price Movement

Shares of Coinbase Global have fallen sharply during the recent market downturn, and the decline reflects persistent pressure across crypto-related equities. The company’s stock dropped about 36% over the past month, and the move aligned with weaker Bitcoin momentum. Moreover, broader equity softness added further strain on crypto-linked trading volumes.

The company continues scaling its product range, and market participation remains active across several regions. But the month-long slide narrowed valuations and shifted sentiment as digital asset prices retreated. Still, the firm remains a key platform for US crypto activity, and its stock often tracks sector-wide cycles.

The sector experienced tighter liquidity conditions as Bitcoin dropped from recent highs, and platforms saw reduced activity. Coinbase faced similar conditions as market volatility increased, and the price trend mirrored the broader contraction. Nevertheless, the firm maintains its operational footprint across custody, derivatives, and payment services.

MicroStrategy Price Movement

MicroStrategy recorded heavy share pressure as Bitcoin extended its monthly decline, and the company’s exposure amplified the movement. The stock fell roughly 20 percent over the past month, and the slide deepened to nearly 68 percent over six months. Additionally, earlier financial results showed a multibillion-dollar quarterly loss linked to market revaluations.

The company holds 713,502 BTC, and the position drives most of its market performance during crypto downturns. Bitcoin’s drop from above $97,000 to near $60,300 created strong headwinds, and this shift weighed on sentiment. Moreover, persistent volatility limited upside momentum across leveraged exposure.

MicroStrategy continues using Bitcoin as a core treasury asset, and the strategy remains a defining feature of its market profile. The company maintains its acquisition approach, and the balance sheet reflects long-term allocation decisions. Consequently, the stock often moves in tandem with Bitcoin during sharp market swings.

Bitcoin Price Movement

Bitcoin extended its retreat from January highs, and the decline reshaped valuations across crypto-centric equities. The asset dropped from levels above $97,000 to about $60,300, and this correction reduced near-term risk appetite. Furthermore, the shift affected liquidity conditions across exchanges.

Bitcoin’s move created ripple effects across trading desks, and reduced leverage contributed to broader selloffs. Market participants unwound positions as volatility rose, and the contraction hit several crypto platforms. Additionally, liquidation levels increased across derivatives markets.

The month-long downturn weighed on sentiment as related equities posted notable declines, and Galaxy Digital faced similar pressure before the buyback news. Bitcoin remains a key sentiment gauge for the sector, and its slide shaped near-term equity movements. Nevertheless, the asset continues holding a dominant presence in the global digital market landscape.

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