Galaxy CEO Mike Novogratz buys about $9.9M in shares after steep monthly slide

The Galaxy founder picked up 760,000 Class A shares as the stock sank toward its 52-week low amid a crypto and AI selloff Mike Novogratz just made a roughly $9.9 million bet on his own company. The Galaxy Digital founder and CEO bought 760,000 Class A shares on November 5, 2026, after the stock lost more than 40% of its value in about a month. Novogratz paid an average of $12.98 per share for the 760,000 shares of Galaxy Digital Inc. (NASDAQ: GLXY). That puts the total at approximately $9.9 million. The timing was hardly gentle. On the day of the purchase, Galaxy shares fell 7% to $12.98, sitting uncomfortably close to a 52-week low of $11.78. The broader slide has been brutal.

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