Galaxy Digital’s $486M SOL Buy Anchors $1.65B Treasury Push

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Why did Galaxy Digital invest $486M in Solana within 24 hours?

What is the 'Season of SOL' mentioned by Galaxy Digital?

How does Galaxy Digital's Solana investment impact its $1.65B treasury strategy?

Galaxy Digital’s $486M SOL Buy Anchors $1.65B Treasury Push — Image source: Unblock Media

Galaxy Digital acquired 2.16 million SOL for $486 million in a major institutional transaction.
The move underscores growing adoption of Solana's blockchain efficiency in corporate treasuries.

On September 12, 2025, Cryptopolitan reported that Galaxy Digital, in collaboration with Forward Industries, Multicoin Capital, and Jump Crypto, launched a $1.65 billion Solana treasury initiative. Structured as a private investment in public equity (PIPE) deal, the partnership focuses on advancing Solana's role in crypto-driven corporate infrastructure. The initiative reflects strong institutional confidence in Solana.

As part of this effort, Galaxy Digital purchased 2.16 million SOL tokens valued at $486 million. Sourced from Binance and Coinbase wallets, the transaction was completed in under 24 hours, signifying heightened institutional interest in Solana's ecosystem. This acquisition further underscores the trend of increasing corporate and institutional investments in blockchain technologies.

Cryptopolitan reported that Galaxy Digital, Multicoin Capital, and Jump Crypto collectively contributed over $300 million to the initiative, boosting institutional holdings of Solana. Combined holdings now amount to 10.27 million SOL, with an approximate market value of $2.44 billion, representing nearly 1.8% of Solana's circulating supply. This reinforces its growing appeal among institutional investors.

Mike Novogratz, CEO of Galaxy Digital, praised Solana’s unparalleled transaction proficiency as a driving force behind this major investment. Novogratz highlighted that Solana processes a volume of financial transactions exceeding the combined daily operations of equities, fixed income, commodities, and forex markets. His statements underline the strategic significance of Solana's adoption on an institutional scale.

As of September 12, 2025, 16:09 UTC, Solana (SOL) is priced at $238.399, reflecting a 4.82% increase in 24-hour trading volume, according to market data.