Shares of Galaxy Digital jumped 5.5% on Wednesday, as the company announced plans to buy up to 10% of its public float. By egreechee
Galaxy Digital on Wednesday announced plans to buy back up to 10% of its shares outstanding, giving the stock an early pop that later reversed alongside another leg down in cryptocurrency prices.
Galaxy Digital may use the stock buyback program when it"believes that the current market price of its shares does not reflect their intrinsic value," it said.
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