[Galaxy CEO Spends $9.9 Million on Company Stock, Approves $200 Million Share Buyback Program] Odaily reports that Galaxy Digital CEO Michael Novogratz has purchased 760,000 Class A shares of the company through Galaxy Group Funding ECI U LLC for approximately $9.9 million, at an average price of approximately $12.98 per share. According to a Form 4 filing with the U.S. Securities and Exchange Commission (SEC), the purchase was made in two tranches: 528,757 shares (weighted average price $12.694) and 231,243 shares (weighted average price $13.632). Previously, Galaxy's stock price fell approximately 7% on November 5th on the Nasdaq, to around $13, following a 17% drop the previous trading day and a cumulative decline of approximately 41% from the closing price on October 6th. This increase in shareholding comes as Galaxy's board of directors has approved an additional $200 million share repurchase program, bringing the company's total repurchases to 9.8 million shares by the third-quarter earnings release date. Furthermore, Galaxy's adjusted EBITDA from its data center business reached $69 million in the third quarter, a significant increase from $11 million in the second quarter. (TheEnergyMag)