Novogratz Buys 760,000 Galaxy Shares After 41% Stock Slide

Mike Novogratz bought 760,000 Class A shares of Galaxy Digital Inc. for about $9.9 million on Nov. 5, as the stock closed about 41% below its Oct. 6 price. Galaxy shares closed at $12.98 on Nov. 5, about 41% below the Oct. 6 price. The transaction adds specific share-count and pricing details to TokenPost’s earlier coverage of Novogratz’s comments about buying Galaxy shares . Galaxy operates digital-asset businesses alongside a data-center segment tied to AI demand. The Data Centers segment generated $69 million in adjusted EBITDA in the third quarter, up from $11 million in the second quarter.

Source: TokenPost