Mike

Solana

Galaxy

Arkham

<p>Galaxy Digital has reportedly acquired around $300 million worth of Solana (SOL) in the past 30 hours, according to on-chain data from Arkham Intelligence. The purchases were made across 15 transactions on centralized exchanges including Binance, Coinbase, and Bybit.</p>
<p>This action is a part of a bigger accumulation plan. According to the statistics provided by Lookonchain, Galaxy has purchased about 6.5 million SOL in the past five days, which is equivalent to $1.57 billion at the current market price. During this period, Galaxy moved millions of SOL to other addresses, primarily custody wallets on Fireblocks, signaling long-term holding intentions.</p>
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   <p>Galaxy Digital bought another 1.2M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($306M) in the past 24 hours.<br><br>Their total buys over the past 5 days have now reached ~6.5M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($1.55B).<a href="https://t.co/f4FXOfK0vJ" rel="noopener noreferrer nofollow">https://t.co/f4FXOfK0vJ</a> <a href="https://t.co/NQ9da23mzm" rel="noopener noreferrer nofollow">pic.twitter.com/NQ9da23mzm</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1967388275708219682?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 15, 2025</a>
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<h2 class="wp-block-heading" id="solana-price-dips-despite-big-buys">Solana Price Dips Despite Big Buys</h2>
<p>Despite Galaxy’s aggressive buying, Solana dropped 1.61% in the last 24 hours, and is at $243.23 at 10:00 a.m. Monday, according to <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>. The temporary dip shows that even large institutional purchases can’t always prevent short-term market volatility.</p>
<h2 class="wp-block-heading" id="galaxy-partners-in-solana-treasury-strategy">Galaxy Partners in Solana Treasury Strategy</h2>
<p>Last week, Galaxy, along with Jump Crypto and Multicoin Capital, <a href="https://www.cryptotimes.io/2025/09/08/forward-industries-secures-1-65b-for-solana-treasury-strategy/" target="_blank" rel="noopener noreferrer nofollow">led a $1.65 billion</a> private placement in Nasdaq-listed Solana digital asset treasury company Forward Industries (FORD). Collectively, the three firms subscribed over $300 million.&nbsp;</p>
<p>They plan to provide Forward Industries with both capital and strategic support, aiming to make the company a leading publicly traded institutional participant in the Solana ecosystem. While some analysts link Galaxy’s SOL purchases to Forward Industries’ treasury strategy, the connection is not yet fully verified.&nbsp;</p>
<p>Galaxy CEO Mike Novogratz recently highlighted a strong market momentum for Solana, calling it a “season of Solana.” This indicates confidence in the cryptocurrency’s potential despite short-term price fluctuations.</p>
<p>With the increasing institutional interest, Solana could play an even larger role in the crypto market, especially for investors wanting long-term opportunities.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/09/13/rex-osprey-solana-staking-etf-hits-250m-as-sol-price-soars/" target="_blank" rel="noopener noreferrer nofollow">REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars</a></p>
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Galaxy Digital Buys $300 Million in Solana Amid ‘Season of Solana’

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The Crypto Times

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