Mike

Solana

Prime

Galaxy

Strong

<ul>
 <li>Galaxy Digital bought nearly 5M SOL worth $1.16B.</li>
 <li>Over $1.11B in SOL moved to Coinbase Prime.</li>
 <li>$53.5M in SOL still remains in their wallet.</li>
</ul>
<p>Galaxy Digital, the crypto investment firm led by Mike Novogratz, has made a massive bet on Solana. In just three days, the firm purchased approximately <strong>4.94 million SOL tokens</strong>, worth about <strong>$1.16 billion</strong>.</p>
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<p>This sudden surge in accumulation has caught the attention of the crypto community, as Galaxy’s move signals growing institutional confidence in Solana’s ecosystem. Notably, <strong>4.71 million SOL (about $1.11 billion)</strong> has already been transferred to <strong>Coinbase Prime</strong>, suggesting that these assets are being moved into secure, long-term custody.</p>
<h2 class="wp-block-heading" id="strong-coinbase-prime-custody-suggests-long-term-strategy-strong"><strong>Coinbase Prime Custody Suggests Long-Term Strategy</strong></h2>
<p>Coinbase Prime is a platform designed specifically for institutional investors, offering secure custody services for large-scale digital asset holdings. The transfer of nearly the entire SOL stash to Coinbase Prime implies that Galaxy Digital is not looking for short-term gains.</p>
<p>With the remaining <strong>219,830 SOL (worth approximately $53.5 million)</strong> still in their wallet, it’s likely that a portion of the assets may be reserved for liquidity or active trading, while the majority is being secured for long-term holding.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet">
   <p>Galaxy Digital has bought nearly 5M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($1.16B) in the past 3 days, of which 4,719,937 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($1.11B) has been moved to <a href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CoinbasePrime</a> for custody. <br><br>And their wallet still holds 219,830 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($53.5M).<a href="https://t.co/jOWkBf2TxA" rel="noopener noreferrer nofollow">https://t.co/jOWkBf2TxA</a> <a href="https://t.co/mlxaq3tljQ" rel="noopener noreferrer nofollow">pic.twitter.com/mlxaq3tljQ</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1966679916453195973?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 13, 2025</a>
  </blockquote>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-what-this-means-for-solana-and-the-market-strong"><strong>What This Means for Solana and the Market</strong></h2>
<p>Galaxy Digital’s massive SOL acquisition could be seen as a strong vote of confidence in <strong>Solana’s future potential</strong>, especially as the network continues to develop in areas like DeFi, NFTs, and scalability. This kind of institutional interest often has ripple effects on market sentiment.</p>
<p>The move might also suggest that more traditional finance players are preparing for a broader adoption of the Solana blockchain and its ecosystem.</p>
<p>As institutional adoption rises, this may impact the price dynamics of SOL and bring greater legitimacy to Solana as a top-tier crypto asset alongside Ethereum and Bitcoin.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinomedia.com/galaxy-digital-sol-purchase/">Galaxy Digital Buys $1.16B in SOL, Moves Most to Coinbase</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinomedia.com">CoinoMedia</a>.</p>

Galaxy Digital Buys $1.16B in SOL, Moves Most to Coinbase

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