Galaxy Digital's $306M Solana Buy Fuels Institutional Surge
Galaxy Digital Doubles Down on Solana with Massive Purchase
Galaxy Digital has significantly increased its stake in Solana (SOL), purchasing $306 million worth of the token in a single day. This is part of a larger buying spree totaling $1.55 billion over the past five days, signaling strong confidence in the Solana ecosystem.
Details of the Acquisition
The single-day purchase involved 1.2 million SOL tokens, acquired across multiple exchanges. Data from Lookonchain indicates that these tokens were subsequently transferred to Fireblocks, a digital asset custody platform.
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).https://t.co/f4FXOfK0vJ pic.twitter.com/NQ9da23mzm
— Lookonchain (@lookonchain) September 15, 2025
Institutional Solana Treasuries on the Rise
Galaxy Digital's investment aligns with a broader trend of companies accumulating Solana as a treasury asset. DeFi Development Corp holds over 2 million SOL (worth over $117 million), and consumer products firm Upexi Inc. owns over 2 million SOL valued at $447 million, earning approximately $105,000 daily in staking rewards.
invested in @AlphaMetaEco
an ai-driven #solana trading platform launching Q4https://t.co/yZZ9GruOIy pic.twitter.com/v15gyq1vLj— Upexi (@UpexiTreasury) August 28, 2025
BIT Mining Limited, rebranding to SOLAI Limited, increased its holdings to over 44,000 SOL and plans to raise $300 million to further expand its Solana treasury. They have also launched a stablecoin called DOLAI.
Solana's Growing Institutional Appeal
Solana’s increasing adoption as a treasury asset underscores its growing strength in the institutional crypto space. The network now holds over $12 billion in total value locked (TVL), second only to Ethereum, as measured by DefiLlama. This surge in institutional interest has positively impacted Solana's price, increasing over 9% in the past week and nearly 30% over the last month.
The trend of companies allocating capital to Solana mirrors the earlier adoption of Bitcoin by firms like MicroStrategy. As institutions continue to explore Solana, its market position may strengthen further.