CEO who bought 760,000 shares of Galaxy Digital ($GLXY) mentions value discrepancy
Original headline76만주 산 갤럭시디지털($GLXY) CEO, 가치 괴리 언급
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Galaxy Digital CEO Mike Novogratz bought 760,000 Class A common shares on November 5 for roughly $9.86 million, per a Form 4 filing with the SEC. The purchases comprised 528,757 shares at a weighted-average $12.694 and 231,243 shares at $13.632, acquired through Galaxy Group Investments LLC. Novogratz said on X that the stock trades well below his assessment of the company's value and signaled he may buy more. The insider buying is notable because it puts the CEO's own capital behind his view of a valuation gap at the crypto financial services firm. Investors will watch whether further Form 4 purchases follow and whether the share price narrows toward his stated intrinsic value.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Galaxy Digital (GLXY), Mike Novogratz, Galaxy Group Investments LLC, SEC
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