Solana

Multicoin

Galaxy

DeFi

<h2 id="what-galaxy-just-bought">What Galaxy Just Bought</h2>
<p><strong>Galaxy Digital</strong> has purchased over <strong>$1.5 billion in Solana (SOL)</strong> within five days, according to blockchain data compiled by Lookonchain. On Sunday alone, the firm bought <strong>1.2 million SOL worth $306 million</strong> from multiple exchanges and sent them to custody provider Fireblocks.</p>
<p>The aggressive buying spree comes as Galaxy teams up with <strong>Multicoin Capital</strong> and <strong>Jump Crypto</strong> to launch a crypto treasury initiative, aiming to make Solana holdings a centerpiece of corporate balance sheets. In total, Galaxy has acquired <strong>6.5 million SOL</strong> tokens since last Wednesday, with on-chain data showing rapid-fire purchases ranging from tens of thousands to hundreds of thousands of tokens at a time.</p>
<h3 id="investor-takeaway">Investor Takeaway</h3>
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 Galaxy’s billion-dollar Solana bet highlights a new wave of “crypto <a href="https://financefeeds.com/lynq-real-time-settlement-network-to-launch-with-tokenized-treasury-fund-backing/" rel="noopener noreferrer nofollow">treasury firms” designed to accumulate large token</a> positions. This could amplify Solana’s price momentum but raises questions about concentration risk.
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<h2 id="forward-industries-and-the-treasury-model">Forward Industries and the Treasury Model</h2>
<p>Galaxy’s Solana purchases coincided with its participation in a <strong>$1.65 billion private placement round</strong> for <strong>Forward Industries</strong>, a medical device maker pivoting into a crypto treasury model. Forward announced plans to amass the largest Solana <a href="https://financefeeds.com/meliuz-becomes-first-publicly-listed-brazilian-firm-to-adopt-bitcoin-treasury-strategy/" rel="noopener noreferrer nofollow">treasury among public firms</a>, echoing strategies seen with Bitcoin-holding corporates in past cycles.</p>
<p>Shares of Forward have surged on the pivot. The stock <a href="https://financefeeds.com/can-last-weeks-gold-price-rally-be-repeated/" rel="noopener noreferrer nofollow">rallied <strong>16% last week</strong></a> and is up <strong>620% year-to-date</strong>, closing at $36.10 on Friday. This comes despite weak fundamentals: quarterly revenues are down 50% year-over-year and net profit margins have plunged 329%. The Solana strategy has nonetheless attracted investors betting on the firm’s transformation into a token-heavy balance sheet play.</p>
<h2 id="solana-s-expanding-ecosystem">Solana’s Expanding Ecosystem</h2>
<p>Galaxy’s bet aligns with broader growth in the Solana ecosystem. Earlier this month, Solana’s <strong>total value locked (TVL)</strong> hit a record <strong>$12 billion</strong>, second only to Ethereum. The token is up <strong>17.3% in the past week</strong> and nearly <strong>30% in the last 30 days</strong>, according to CoinGecko data.</p>
<p>Other Solana-focused treasury firms are also scaling. <strong><a href="https://financefeeds.com/defi-development-corp-lands-5b-equity-deal/" rel="noopener noreferrer nofollow">DeFi Development Corp</a></strong> recently disclosed its holdings surpassed 2 million SOL after buying $117 million worth in just eight days. Helius CEO Mert Mumtaz estimates that Solana treasury companies collectively raised <strong>$3–4 billion</strong> this year, underscoring the demand for corporate-style accumulation models in the ecosystem.</p>
<h3 id="investor-takeaway">Investor Takeaway</h3>
<div style="background: #f9f9f9; border-left: 4px solid #ff9900; padding: 12px; margin: 16px 0;">
 Treasury-style buying may stabilize token demand and attract Wall Street-style investors, but it could also make Solana vulnerable to sharp swings if large holders offload tokens.
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<h2 id="what-s-next-for-solana-and-galaxy">What’s Next for Solana and Galaxy</h2>
<p>Galaxy Digital’s role is not limited to accumulation. On Sept. 3, the firm became the <strong>first Nasdaq-listed company tokenized on Solana</strong>, further embedding itself in the blockchain’s ecosystem. With Multicoin and Jump Crypto involved, the treasury initiative could bring both liquidity and institutional credibility to Solana at a critical moment.</p>
<p>For Solana, the emergence of treasury firms marks a new phase of adoption, with corporates positioning the token as a balance-sheet asset alongside traditional currencies and commodities. Whether this trend sustains depends on Solana’s ability to maintain network stability, regulatory clarity for corporate holdings, and investor appetite for tokenized treasuries.</p>

Galaxy Digital Buys $1.5B in Solana Amid Treasury Push

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