Galaxy Digital shares jump 18% after company approves $200 million buyback

Shares of Galaxy Digital (GLXY) jumped 18% to 19.90onFridayafterthecompanyapprovedasharerepurchaseprogramofupto19.90 on Friday after the company approved a share repurchase program of up to 200 million, giving it authority to buy back its Class A common stock over the next 12 months. The buybacks may be executed through the open market, privately negotiated transactions or other methods, including trading plans under Rule 10b5-1, the company said. Galaxy added that it retains the right to suspend or discontinue the program at any time, depending on market conditions ...