Investment firm Galaxy Digital acquired $306 million in Solana in a single day, continuing its active investment strategy in this blockchain.
Galaxy Digital's Investments in Solana
Galaxy Digital, in partnership with Multicoin Capital and trading firm Jump Crypto, acquired 1.2 million Solana (SOL) tokens. This purchase took place on Sunday as part of a larger investment strategy, with Galaxy having purchased over 6.5 million SOL worth approximately $1.55 billion in the past five days.
Forward Industries Stock Surge
Shares of Forward Industries (FORD) rose 16% over the past five trading days in light of the company’s pivot to Solana. The stock price has increased by 620% year-to-date, which reflects a strategic change in direction.
Solana's Growing Popularity
With rising interest in Solana, other companies such as DeFi Development Corp have also increased their assets in this cryptocurrency. The total value locked in Solana projects reached a record high of $12 billion, making it the second largest after Ethereum.
Galaxy Digital is actively investing in Solana, indicating a growing interest in this cryptocurrency and its potential in the market.
