Galaxy Digital just made one hell of a statement. They went out and grabbed 2.31 million Solana tokens worth about $510 million, and they did it all in one day. That’s not the kind of money you throw around unless you really believe in something.
The crazy part is how they did it. Instead of going through some fancy over-the-counter deal, they pulled these tokens straight from Binance, Bybit, and Coinbase. You can literally track the whole thing on the blockchain, which makes it pretty hard to hide what they’re up to.
This whole move makes a lot more sense when you look at what Galaxy’s been doing lately. They just dropped over $300 million into this company called Forward Industries that’s basically turning itself into a Solana piggy bank. Forward’s stock has gone absolutely nuts, jumping 135% in just five days.
Mike Novogratz, Galaxy’s CEO, isn’t being shy about his feelings either. He straight up said we’re entering a “season of Solana” and honestly, looking at the numbers, he might be onto something. Solana just hit $238.83 and actually passed BNB to become the fifth biggest crypto by market cap.
What’s really interesting is that Galaxy isn’t the only one doing this. There’s this whole trend of companies buying up Solana and just holding it in their treasuries.
Conclusion
Galaxy Digital made waves with a $536M Solana buy, scooping 2.31M tokens directly from major exchanges. Backed by Novogratz’s bullish “season of Solana” call, it signals rising institutional appetite for SOL.
Also Read: Solana Surges
