Galaxy Digital Shares Climb After Firm Posts $323M Q3 Profit, Unveils $200M Buyback
Photo: TheCoinrise
The crypto financial services firm swung to a quarterly profit and authorized a new buyback program, lifting investor sentiment. Galaxy Digital reported a $323 million profit for the third quarter, according to disclosures covered by The Block and Bitcoin.com News. The figure represents a swing to profitability for the diversified crypto financial services firm. Alongside the earnings release, Galaxy Digital announced a new $200 million share buyback program. Shares of the company rose following the announcement, reflecting investor approval of both the earnings beat and the capital return plan.
Source: TheCoinrise
