Digital Assets Investment Firm Galaxy Digital bought a $ 306 million worth of Solana in a single day after meeting with the firm Multicoin Capital and Trading Firm Jump Crypto to create a so -called Crypto Treasury Company.
The Galaxy has a 1.2 million solana (Sol) On Sunday from multiple exchanges and sent it to Crypto Custody Firm Fireblocks, according to Blockchain Data reported by lookonchain.
It has expanded a Solana purchase from Galaxy since Wednesday, who has seen it buy more than $ 1.5 billion worth of token.
On Thursday, Galaxy Says This connects the multicoin capital and jumps of crypto to join a $ 1.65 billion private placement of rotation in forwarding industries, a medical device company that has recently been pivot Crypto treasury companies.
Galaxy bought more than 6.5 million sol
Lookonchain said in the past five days, Galaxy rose 6.5 million sol, worth about $ 1.55 billion.
On-chain data shows the firm is the purchase of tens of hundreds of thousands of SOL tokens at one hour quickly, each worth millions of dollars.
It is unclear whether Galaxy’s solurs are linked to its involvement in the forwards. Galaxy Digital did not immediately respond to a request for comment.
Forward industries stock rallies
DISTORD INDUSTRIES (Ford) shares last week with the Solana Pivot announcement, with a stock of 16% in the last five days of trading until Friday.
The company’s stock price reached 620% year-to-date after closing the trade on Friday at $ 36.10, returning to a multi-year slide.
As of the June Quarter, the firm reported its income declined 50% from the same period last year, while the Net Profit Margin dropped 329% at the same time.
Solana’s adoption on the rise
On September 3, the Galaxy Digital became First firm listed in NASDAQ to be tokenized In Solana Blockchain.
Related: Galaxy digital posts are $ 31m income as Bitcoin Holdings climb to 17,102 in Q2
Meanwhile, Solana Treasury Company Defi Development Corp said that Solana Treasury hit 2 million milestones After buying a $ 117m worth of SOL in eight days.
Mert Mumtaz, co-founder and CEO of Helius, has Says That Solana Treasury companies have combined to raise $ 3- $ 4 billion with more to follow.
The The total amount locked in Solana hit a record of a high $ 12 billion record Earlier this month, and second only to Ethereum when TVL measured locked in Defi projects.
Solana went up to 17.3% in the past seven days and gained about 30% in the past 30 days, According to This coingecko.
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