Galaxy Digital CEO buys $9.9 million worth of stock; company receives approval for $200 million share buyback.

Galaxy Digital CEO Michael Novogratz purchased 760,000 Class A shares of the company through Galaxy Group Funding ECI U LLC for approximately $9.9 million, at an average price of approximately $12.98 per share. According to a Form 4 filing with the U.S. Securities and Exchange Commission (SEC), the purchase was made in two separate transactions: 528,800 shares (weighted average price $12.694) and 231,200 shares (weighted average price $13.632). Galaxy shares fell to around $13 on the Nasdaq on November 5th. Galaxy's board of directors approved an additional $200 million share repurchase program, bringing the company's total repurchases to 9.8 million shares as of the third-quarter earnings release date. Furthermore, Galaxy's adjusted EBITDA from its data center business reached $69 million in the third quarter, up from $11 million in the second quarter. (Source: TheEnergyMag)