Galaxy Digital Inc. (Nasdaq: GLXY) announces a $200 million share repurchase program, allowing buybacks of its Class A common stock over the next year. The program may be conducted on exchanges and through private transactions, subject to securities laws. Galaxy did not disclose how much of the authorization it plans to use.

Galaxy’s share-price decline mirrors the broader crypto market downturn, with Bitcoin falling from January highs to around $60,300. Companies like Coinbase Global and Circle Internet Group experienced significant drops in share value over the past month.

Strategy (MSTR), the largest public holder of Bitcoin, saw a 20% decline in share price over the past month and nearly 68% over six months. The company reported a $12.4 billion net loss in the fourth quarter of 2025.

Bitcoin mining stocks also suffered losses, with MARA Holdings down about 27% in the past month and IREN Limited down about 8%. The market downturn has impacted various sectors of the crypto industry, with companies facing significant declines in share value.

Read more at Cointelegraph: Galaxy Authorizes $200M Share Buyback Amid Crypto Market Downturn