Galaxy Digital, a digital asset investment company, purchased $306 million worth of Solana (SOL) within a day after establishing a crypto asset treasury company in collaboration with investment firm Multicoin Capital and trading company Jump Crypto.
According to blockchain data reported by Lookonchain, Galaxy acquired 1.2 million Solana (SOL) from multiple exchanges on Sunday and transferred it to the crypto custody company Fireblocks.
Since last Wednesday, Galaxy has been continuously increasing its position in Solana (SOL), with a total purchase amount exceeding $1.5 billion.
On Thursday, Galaxy announced its participation in a private placement of 1.65 billion yuan with Multicoin Capital and Jump Crypto for Forward Industries. Forward Industries is a medical device company that recently announced a transformation plan to become the publicly listed company holding the most Solana (SOL). The company is joining the trend of crypto asset treasury companies.
Lookonchain data shows that over the past five days, Galaxy has purchased a total of 6.5 million SOL, valued at approximately $1.55 billion.
On-chain data indicates that Galaxy is buying SOL at an extremely fast rate, with each purchase ranging from tens of thousands to hundreds of thousands of SOL, and each transaction amounting to millions of dollars.
It remains uncertain whether Galaxy's purchase of SOL is related to its participation in Forward Industries, and Galaxy Digital has not commented on this.
Forward Industries (FORD) has seen its stock price rise by 16% over the past five trading days due to its announcement of transforming into a Solana (SOL) related company.
Since the beginning of this year, the company's stock price has increased by 620%, closing at $36.10 last Friday, reversing a years-long downward trend.
As of the June quarter, the company reported a 50% year-on-year decline in revenue, with a net profit margin decrease of 329% during the same period.
On September 3, Galaxy Digital became the first Nasdaq-listed company to achieve asset tokenization on the Solana blockchain.
According to DeFi Development Corp, its Solana treasury purchased $117 million worth of SOL within eight days, surpassing a holding of 2 million SOL.
Mert Mumtaz, co-founder and CEO of Helius, stated that the Solana treasury company has raised between $3 billion to $4 billion, with more funds continuously flowing in.
The total value locked (TVL) on the Solana (SOL) blockchain reached a new high of $12 billion earlier this month, second only to Ethereum (ETH), ranking second in DeFi project TVL.
Data from CoinGecko shows that Solana (SOL) has risen by 17.3% in the past seven days and nearly 30% over the last 30 days.
Related: The market capitalization of stablecoins reaches $300 billion on CoinMarketCap—why are there discrepancies in data across platforms?
Original article: “Galaxy Digital Scoops $306M Solana After Deal for Crypto Treasury”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
