Coinspeaker
Sep 15, 2025
4 0

Galaxy Digital Buys Additional 1.2 Million Solana Worth $306 Million

Galaxy Digital's Solana Acquisition

  • Galaxy Digital acquired 1.2 million Solana, totaling approximately $306 million, in the last 24 hours.
  • This brings their five-day total to about 6.5 million Solana, valued at $1.55 billion.
  • The purchases were conducted across multiple exchanges and transferred to Fireblocks for custody.

Strategic Partnerships and Investments

  • Galaxy Digital collaborates with Multicoin Capital and Jump Crypto to form a new crypto treasury company focusing on digital assets like Solana.
  • Forward Industries, now focused on digital assets, raised $1.65 billion to become one of the largest public holders of Solana.
  • Galaxy Digital's recent activities include withdrawing $40 million worth of Solana after a record DeFi TVL of $12.35 billion.

Broader Market Movements

  • DeFi Development Corp holds over 2 million Solana, spending $117 million in eight days.
  • Crypto treasury companies have collectively raised between $3-4 billion, focusing on Solana.
  • Galaxy Digital is the first Nasdaq-listed company to be tokenized on the Solana blockchain.

Solana Network Performance

  • Solana's TVL reached a record $12 billion, second only to Ethereum.
  • Solana's price stands at around $236, reflecting a 13% weekly increase and a 25% monthly rise.
  • Despite a daily price dip of 3.8%, interest in Solana remains strong among individuals and institutions.

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