Galaxy Digital Buys $306M in Solana in One Day to Fuel New Crypto Treasury Venture

Galaxy Digital has purchased $306 million worth of Solana (SOL) in a single day, fueling speculation about its growing role in a new wave of crypto treasury ￰1￱ Takeaways: Galaxy Digital has acquired $1.55 billion worth of Solana in five days, including a $306 million purchase on ￰2￱ buying spree coincides with Galaxy’s $1.65 billion investment in Forward Industries, which is pivoting to become a major Solana treasury ￰3￱ interest in Solana is surging, with total value locked surpassing $12 ￰4￱ transaction, involving 1.2 million SOL tokens, was executed on Sunday across multiple exchanges and sent to custody platform Fireblocks, according to blockchain data tracked by ￰5￱ Digital’s Solana Buying Spree Tops $1.5B in Just Five Days The aggressive move is part of a broader Solana acquisition ￰6￱ the past five days, Galaxy has reportedly acquired 6.5 million SOL , worth around $1.55 billion, with on-chain data showing bulk purchases of tens to hundreds of thousands of tokens at a time.

Galaxy’s latest buy comes on the heels of a newly announced partnership with Multicoin Capital and Jump ￰7￱ Digital bought another 1.2M $SOL ($306M) in the past 24 ￰8￱ total buys over the past 5 days have now reached ~6.5M $SOL ($1.55B). ￰0￱ ￰9￱ — Lookonchain (@lookonchain) September 15, 2025 The three firms are backing a $1.65 billion private placement in Forward Industries, a little-known medical device company that recently shifted its focus to building one of the largest Solana treasuries among publicly traded ￰10￱ remains unclear whether Galaxy’s Solana purchases are directly linked to Forward Industries, and Galaxy has not commented on the ￰11￱ Industries’ stock (NASDAQ: FORD) surged 16% over the past five trading days, driven by investor enthusiasm over its pivot to ￰12￱ stock is now up 620% year-to-date, rebounding sharply from a prolonged ￰13￱ the rally, the company’s financials remain weak, with revenue down 50% and a 329% drop in net margins in its most recent quarterly ￰14￱ Solana ecosystem continues to attract institutional ￰15￱ September 3, Galaxy Digital became the first Nasdaq-listed company to be tokenized on the Solana ￰16￱ firms are also joining the trend: DeFi Development Corp recently announced that it has accumulated over 2 million SOL after an $117 million buying ￰17￱ now boasts over $12 billion in total value locked (TVL) across its DeFi ecosystem, second only to ￰18￱ to Helius CEO Mert Mumtaz, Solana-focused treasury companies have raised between $3 billion and $4 billion to date, with more expected to ￰19￱ SOL treasury companies' initial raises combined are about 3-4B (more are coming) This is before they buy more on the open market Unlike Bitcoin and MSTR, a non-trivial amount of this cash will be injected into SOL DeFi not financial advice — mert | ￰20￱ (@0xMert_) September 14, 2025 SOL is up 17.3% in the past week and nearly 30% over the past month, trading at $234.77, according to ￰21￱ Treasury Firms Expand Rapidly Solana-based treasury strategies are gaining significant traction among publicly listed companies , with total corporate holdings reaching 6.49 million ￰22￱ disclosures from BIT Mining Limited and Upexi ￰23￱ the accelerating pace of institutional accumulation, driven by both long-term conviction and attractive staking yields amid Solana’s price ￰24￱ Mining, soon to rebrand as SOLAI Limited, added 17,221 SOL this week, bringing its holdings to over 44,000 SOL worth $9.95 ￰25￱ company is phasing out its former focus on Bitcoin and other proof-of-work assets, instead doubling down on Solana with plans to raise up to $300 ￰26￱ part of its ecosystem play, BIT Mining also launched a stablecoin called DOLAI on Solana in partnership with Brale ￰27￱ Inc., a consumer products firm turned Solana treasury powerhouse, now holds over 2 million SOL valued at $447 million, with $142 million in unrealized gains and daily staking rewards of around $105,000.

The firm has introduced new treasury metrics like “adjusted SOL per share” and recently appointed former BitMEX CEO Arthur Hayes to its advisory board.