• Galaxy Digital shares are up 6.01% at $13.76 on November 6, following CEO Michael Novogratz's acquisition of 760,000 shares for approximately $9.9 million on November 5.
  • The purchase, at an average price of $12.98 per share, comes as Bitcoin and Ethereum are experiencing declines, suggesting insider confidence as a primary driver for GLXY's gain.
  • The board has also approved an additional $200 million stock repurchase program, further signaling commitment to shareholder value.