Galaxy OKs Buyback of Up to $200M in Class A Shares

Published at 2026-02-06 19:30:22

Galaxy announced a 12-month authorization to repurchase up to $200 million of its Class A shares, approved Friday as the company's stock — along with other crypto-linked equities — has fallen in step with Bitcoin. The program gives management flexibility to buy shares when they view the stock as undervalued and helps reduce available float.

For investors, the buyback is a clear signal of board confidence and a potentially stabilizing action amid broader market weakness. While it doesn't change Galaxy's underlying exposure to crypto prices, repurchases can support per-share metrics and offer downside cushioning; the move will be watched for pacing and any trade-offs with other capital uses like investing in crypto assets or business growth.

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Morgan Stanley launched formal coverage of bitcoin miners, reclassifying some operations as infrastructure and rating CIFR and WULF as Buys while assigning a Sell to MARA. The move lifted CIFR and WULF shares as investors re-evaluated miner business models.

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Published at 2026-02-09 18:00:36

Michael Saylor's MicroStrategy Buys 1,142 BTC During Recent Crash

MicroStrategy acquired 1,142 bitcoins for about $90 million, averaging $78,815 per coin. The purchase was made at the onset of last week’s crypto market crash.

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Published at 2026-02-09 13:30:43

Citigroup Reiterates Buy on MicroStrategy Amid Aggressive Bitcoin Push

Citigroup reaffirmed its buy rating on MicroStrategy on Feb. 9, 2026, backing the firm’s continued Bitcoin accumulation despite billions in unrealized losses. The move signals ongoing institutional confidence in corporate Bitcoin treasuries.

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Published at 2026-02-09 13:15:43

Bitcoin, Stock Futures Rebound as Markets Steady After Tech Rout

Bitcoin held above $70,000 as crypto markets stabilized and U.S. stock futures rebounded; a CFTC oversight bill advanced in Congress and U.S. jobs data is due Wednesday.

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Published at 2026-02-09 12:30:49

Michael Saylor Turned MSTR Into Wall Street’s Bitcoin Proxy

MicroStrategy’s stock has become a de facto Bitcoin play as Michael Saylor piled BTC into the corporate treasury. Traders now watch MSTR for equity-style exposure and derivative-driven signals tied to BTC.