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.

The purchase price averaged $12.98 per share.

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. Novogratz has framed his view of the company around long-term demand for onchain finance and AI infrastructure.