Catenaa, Wednesday, September 17, 2025- Galaxy Digital has added about $300 million worth of Solana in the past 24 hours, strengthening its position in the token’s ecosystem.
The transactions were carried out through Coinbase, Binance and Bybit, onchain data from Arkham Intelligence showed.
Galaxy acquired roughly 1.24 million SOL across 13 transactions in a single day. Data from Lookonchain indicated the company has accumulated 6.5 million SOL in the past five days, valued at $1.57 billion at current market prices.
The firm has transferred large amounts of the holdings into custody wallets managed by Fireblocks, a sign of long-term positioning.
The expansion comes as Galaxy, along with Jump Crypto and Multicoin Capital, led a $1.65 billion private placement in Solana digital asset treasury firm Forward Industries. The three investors collectively subscribed over $300 million.
Forward Industries aims to become the leading publicly traded treasury platform in the Solana ecosystem with the backing of these firms.
Galaxy CEO Mike Novogratz recently said the crypto market has entered what he described as a “season of Solana,” citing favorable regulatory signals and market momentum. The token, however, slipped 2.18 percent in the past 24 hours to $241.18 as of late Sunday, according to reports.
