Galaxy Digital has made a significant acquisition of Solana (SOL) tokens recently, driven by a long-term investment strategy.
Massive Solana Purchases
In less than a week, Galaxy Digital purchased over 6.5 million SOL worth about $1.55 billion. Analysts suggest that the size and frequency of these trades indicate a long-term treasury positioning strategy.
Partnership with Multicoin Capital and Jump Crypto
The firm has also partnered with Multicoin Capital and Jump Crypto to support Forward Industries, which is becoming a treasury vehicle focused on Solana. This move reflects a growing trend of companies stockpiling tokens.
Solana Market and Its Prospects
Recent data indicates that Solana's total value locked has reached $12 billion, making it second only to Ethereum. Investments in Solana are expected to grow, with Forward's stock surging 600% in 2025, despite a downturn in its traditional business.
Galaxy Digital's strategy could enhance the influence of corporate investments on the crypto economy, opening new opportunities for companies and investors.
