Galaxy CEO Novogratz says he is buying more shares amid market slump

Novogratz sees long-term potential in onchain finance and AI despite current market volatility. Galaxy Digital CEO Mike Novogratz is increasing his GLXY holdings as he sees further upside in the company’s long-term business prospects. Novogratz announced the stock purchase on Thursday, amid a market selloff that dragged down crypto-linked equities and sent Galaxy shares down approximately 8% by the close. He said he sees a huge disconnect between the stock’s market price and what he believes the company is worth, pointing to long-term growth in onchain finance and AI demand as key drivers. The blue wave has weighed on companies like ours. I get it. But let’s not confuse politics with long-term fundamentals. Finance is moving onchain and demand for AI is exploding. These are generational shifts that will play out across administrations and market cycles. We’ve… — Mike Novogratz (@novogratz) November 5, 2026 Novogratz described both as generational trends that would continue across political administrations and market cycles. Galaxy has spent years building its business around those areas, he said. The entrepreneur also pointed to progress at the company’s Helios project in Texas, wh...