Solana Treasury Forward Industries Uses Loan to Buy Back Shares After 89% Price Dive [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
The privately negotiated transaction reduces the firm's common shares outstanding by 7.4% and was financed via a $40 million crypto loan through Galaxy Digital, which was secured by staked Solana held in the firm's treasury. “Forward is always looking for and assessing opportunities to increase SOL-per-share accretion for shareholders, and staying on top of opportunities where private investors or institutions are looking to sell blocks of shares or SOL is part of this,” Forward Chief Investment Officer Ryan Navi told Decrypt. Navi confirmed that the firm's purchase fits into the previously approved $1 billion share repurchase program that was authorized by its board of directors in November . As far as future buybacks, he added that “the company routinely assesses market conditions to determine what the best risk-adjusted path is to drive SOL-per-share accretion.” Instead of accumulating more crypto, digital asset treasuries like Forward have typically sought to repurchase sha
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News
- Inside the Crypto Rift That Broke a Swiss Family Bank and Other Crypto-Fueled Corporate Feuds [Yahoo! Finance]Yahoo! Finance
- American Bitcoin Overtakes Galaxy Digital In Bitcoin Holdings [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital (GLXY) had its price target raised by Citigroup Inc. from $25.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- XRP Price Prediction: Will the XRP Price Surge If the CLARITY Act Passes? [Yahoo! Finance]Yahoo! Finance
- Time running out for Clarity bill, warns expert, as odds of passing ‘diminish by the day' [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 2/3/26 - Beat
GLXY
Sec Filings
- 3/24/26 - Form 13F-NT/A
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- GLXY's page on the SEC website