Galaxy CEO Novogratz says he is buying more shares amid market slump

Galaxy Digital CEO Mike Novogratz said he is adding to his personal stake in the company during the current market downturn, signaling confidence in the firm's resilience and growth prospects. The move comes as Galaxy sharpens its strategic focus on artificial intelligence and onchain finance, two areas it has identified as core growth drivers. Novogratz's insider buying is notable because executive purchases are often read as a signal that leadership sees the share price as undervalued relative to the business's fundamentals. The disclosure lands amid a broader crypto market slump that has weighed on digital-asset equities and related stocks. Investors will watch whether other insiders follow with purchases and whether Galaxy's AI and onchain finance initiatives translate into measurable revenue growth in coming quarters.