Galaxy Digital has made significant investments in Solana, attracting attention to a new approach of corporate token accumulation in the crypto industry.
Large Solana Purchases
According to blockchain data, Galaxy Digital purchased over $1.5 billion in Solana (SOL) within five days. On Sunday alone, the firm bought **1.2 million SOL worth $306 million** from multiple exchanges and sent them to custody provider Fireblocks.
Treasury Model and Forward Industries Project
Galaxy's acquisitions coincide with its participation in a **$1.65 billion private placement** for Forward Industries. Forward plans to amass the largest Solana treasury among public firms. Forward's shares surged **16% last week** and are up **620% year-to-date**, despite a **50% decline in revenue** compared to last year.
Growth of Solana's Ecosystem
Galaxy's investment aligns with broader growth in the Solana ecosystem, with total value locked (TVL) reaching a record **$12 billion**. The token has risen **17.3% in the past week** and nearly **30% in the last 30 days**.
Galaxy Digital's accumulation strategy could significantly influence the Solana market, but the success of this model depends on network stability and regulatory clarity for corporate holdings.
