Galaxy Digital Goes All-In on Solana: Billion-Dollar Crypto Shopping Spree!

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So, Galaxy Digital just decided to throw down another 1.2 million Solana coins. Yeah, that’s 1.2 million-not a typo-worth about $306 million in cash. In the last 24 hours! I mean, who just buys $306 million worth of digital coins like they’re picking up a few bagels? This latest spending spree bumps them up to nearly 6.5 million Solana over five days. That’s about $1.55 billion. No big deal, just casual billion-dollar splurges. 🙄

Galaxy Digital Keeps Building That Solana Empire

According to the data detectives at Lookonchain, Galaxy didn’t just toss this money in one spot. Nope, they spread it out across multiple exchanges on September 14 before parking it in Fireblocks, which sounds like a medieval torture device but nope-it’s just fancy crypto custody. They’re picking off Solana tokens in chunks from tens of thousands to hundreds of thousands at a time. Transactions worth millions each. Again, no big deal, just your everyday “Hey, let’s buy a small country’s GDP in Solana” type move.

Galaxy Digital bought another 1.2M $SOL($306M) in the past 24 hours.

Their total buys over the past 5 days have now reached ~6.5M $SOL($1.55B).

– Lookonchain (@lookonchain) September 15, 2025

But wait-there’s a catch! Galaxy isn’t going solo here. They teamed up with Multicoin Capital and Jump Crypto, forming some kind of crypto treasury Avengers-style squad to hoard digital assets. And guess what? Solana is the shiny center of their universe right now. 🦸‍♂️🦸‍♀️

Also, Galaxy’s been cozying up to Forward Industries. You know, the company that started in medical devices and then said, “Hey, why don’t we try digital assets instead?” They raised a casual $1.65 billion privately. Now Forward wants to be one of the biggest Solana holders ever. Galaxy bought a bunch of Solana, but are they on the same page here? No comment, which in crypto talk means, “We’re keeping you guessing.” Oh, and just for kicks, Galaxy yanked $40 million worth of Solana right after the network hit a record $12.35 billion in DeFi total value locked. Classic move-buy big, then maybe sneak out the back door. 🤷‍♂️

Everyone’s Jumping on the Solana Party Bus

Galaxy’s not the only one hoarding Solana like it’s dessert. DeFi Development Corp is sitting on over 2 million Solana after spending $117 million over eight days. And according to Mert Mumtaz, the CEO of Helius, crypto treasury companies have raised between $3 billion and $4 billion to throw at Solana. More cash still on the way. Because why not throw billions into something that sounds like it’s from a sci-fi movie?

The 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 | helius.dev (@0xMert_) September 14, 2025

September was a big month for Solana. Galaxy Digital became the first Nasdaq-listed company to get tokenized on the Solana blockchain. Tokenized! Whatever that means, it’s a “huge” step according to the marketing materials. Shows that big old Wall Street dudes are sniffing around this digital playground.

The Solana network itself? Holding strong. TVL (that’s total value locked, for those keeping score) hit a record $12 billion, coming in second only to Ethereum. So yes, it’s legitimate growth, not just hype. The price is chilling around $236, up 13% last week, and 25% over the last month. It dipped a little-like 3.8% in one day-which is basically just crypto shrugging. Overall, the outlook remains positive because, hey, who doesn’t want to bet on a digital token named after a galaxy?

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2025-09-15 16:15