Galaxy Digital Makes $300 Million Solana Bet as ’Season of Solana’ Heats Up
Galaxy Digital just dropped a crypto bombshell—snagging $300 million worth of Solana tokens in what insiders are calling the ultimate vote of confidence.
Why This Move Matters
This isn't just another institutional dip into digital assets. Galaxy's massive acquisition signals serious belief in Solana's infrastructure and scalability—especially as Ethereum gas fees continue giving traders nightmares. The purchase aligns perfectly with the growing 'Season of Solana' narrative that's been buzzing across Crypto Twitter and trading desks.
Timing Is Everything
While traditional finance guys were busy rebalancing their quarterly bonds, Galaxy went full degen mode—deploying capital at a scale that'd make most hedge funds blush. Because nothing says 'conviction' like betting nine figures on a blockchain that's proven it can handle real volume.
Let's be real—Wall Street still doesn't get it, but they'll be chasing this trade in six months.
Solana Price Dips Despite Big Buys
Despite Galaxy’s aggressive buying, Solana dropped 1.61% in the last 24 hours, and is at $243.23 at 10:00 a.m. Monday, according to CoinMarketCap. The temporary dip shows that even large institutional purchases can’t always prevent short-term market volatility.
Galaxy Partners in Solana Treasury Strategy
Last week, Galaxy, along with Jump crypto and Multicoin Capital, led a $1.65 billion private placement in Nasdaq-listed Solana digital asset treasury company Forward Industries (FORD). Collectively, the three firms subscribed over $300 million.
They plan to provide Forward Industries with both capital and strategic support, aiming to make the company a leading publicly traded institutional participant in the Solana ecosystem. While some analysts LINK Galaxy’s SOL purchases to Forward Industries’ treasury strategy, the connection is not yet fully verified.
Galaxy CEO Mike Novogratz recently highlighted a strong market momentum for Solana, calling it a “season of Solana.” This indicates confidence in the cryptocurrency’s potential despite short-term price fluctuations.
With the increasing institutional interest, Solana could play an even larger role in the crypto market, especially for investors wanting long-term opportunities.
Also Read: REX-Osprey Solana Staking ETF Hits $250M as SOL price Soars
