Galaxy Digital’s Insider Surge: Execs and Deason Douglas Buy Over 500k Shares Amid Crypto Turbulence and Negative Earnings Flash!

Insider Buying in a Volatile Crypto‑Tech Stock

The latest Form 4 filing shows DEASON DOUGLAS R purchasing 25 000 shares of Galaxy Digital’s Class A common stock at $20.75, $20.50 and $21.12 on February 4, 2026. The purchase raises his post‑transaction holding to 59 000 shares, a 58 % increase from the 23 482 shares held after the DSU settlement in August 2025. The transaction was executed just after the share price dipped to $20.16, a 43.86 % decline from the previous week, and the day’s market sentiment was highly negative (‑90) while social media buzz spiked over 1,000 %. In a sector that has seen the sharpest sell‑off this year, insider buying is an uncommon signal.

What Does This Mean for Investors?

Insider purchases in a company that has posted a fourth‑quarter loss, a negative P/E of –20.15, and a 35.51 % monthly decline may signal confidence that the company’s long‑term infrastructure strategy—particularly its data‑center expansion—will pay off. The buy was made at a price below the 52‑week low of $8.20, yet still above the 2025‑10‑20 high of $45.92, suggesting a measured valuation approach. If the market perceives that insiders are “walking the walk,” the stock may find support on a retracement, but the negative sentiment and high buzz indicate that any rally could be short‑lived unless accompanied by a clear earnings turnaround.

Profile of DEASON DOUGLAS R

DEASON has been an active buyer since November 2025, acquiring 2 000 shares repeatedly at prices ranging from $28.95 to $31.56, then adding a DSU block of 23 482 shares in August 2025. The February 2026 purchases represent his largest single‑day activity to date, doubling his total holdings to 59 000 shares. His purchase pattern shows a preference for buying in clusters rather than on a day‑to‑day basis, indicating a long‑term view. The absence of any sales in the past six months further reinforces a bullish stance. For an insider without an official title, the cumulative stake and recent buying spree are noteworthy.

Broader Insider Activity

Galaxy’s top executives are also on the buying end of the market. CEO Michael Novogratz added 174 262 shares, COO Erin Brown added 97 497 shares, and CIO Christopher Ferraro added 174 262 shares on February 3, 2026. The CFO, Anthony Paquette, bought 97 497 shares on the same day. This group‑wide buying surge—four executives purchasing a combined 523,183 shares—suggests that management believes the firm is undervalued after the recent earnings drag. The buying is particularly striking given the company’s negative earnings and declining share price, and it may be interpreted by investors as an endorsement of the company’s pivot toward data‑center operations.

Investor Takeaway

Insider buying in the midst of a negative earnings cycle can be a double‑edged sword. On the one hand, it signals confidence in Galaxy Digital’s strategic shift; on the other, the stock remains highly volatile due to its crypto exposure and a bearish market mood. Investors should weigh the insider activity against the broader macro‑environment—particularly the outlook for Bitcoin, regulatory developments, and AI compute demand—before deciding whether to add to or exit Galaxy Digital’s position.