# Novogratz Buys 760,000 Galaxy Shares After 41% Stock Slide By John Kim Canonical URL: https://www.tokenpost.com/news/business/51317 Published: 2026-11-08T03:20:42.000Z Updated: 2026-11-08T03:20:42.000Z Section: Business > The purchase averaged $12.98 per share, and Galaxy shares closed at $12.98 on Nov. 5. 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. ## Links in this article - [TokenPost’s earlier coverage of Novogratz’s comments about buying Galaxy shares](https://www.tokenpost.com/news/business/50720)