{"id":50890,"date":"2025-09-12T11:00:14","date_gmt":"2025-09-12T08:00:14","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50890"},"modified":"2025-09-12T10:30:14","modified_gmt":"2025-09-12T07:30:14","slug":"million-dollar-solana-purchase-major-move-from-galaxy-digital","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/million-dollar-solana-purchase-major-move-from-galaxy-digital\/","title":{"rendered":"Million-Dollar Solana Purchase: Major Move from Galaxy Digital!"},"content":{"rendered":"<p>As Solana Season narrative continues to gain momentum in the crypto markets,<strong> Galaxy Digital<\/strong> has made a massive move by purchasing approximately $530 million worth of <strong>Solana<\/strong> (<strong>SOL<\/strong>) within the last 24 hours. On-chain data shows the company acquired a total of 2.31 million SOL from Binance, Coinbase, and Bybit wallets.<\/p>\n<p data-start=\"328\" data-end=\"575\">According to blockchain analytics platform Arkham Intelligence, Galaxy Digital carried out large-scale purchases across these exchanges, significantly boosting its Solana holdings and reinforcing the broader institutional accumulation trend.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/million-dollar-solana-purchase-major-move-from-galaxy-digital\/#Forward_Industries_and_Solana_Treasury_Strategy\" title=\"Forward Industries and Solana Treasury Strategy\">Forward Industries and Solana Treasury Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/million-dollar-solana-purchase-major-move-from-galaxy-digital\/#The_%E2%80%9CSolana_Season%E2%80%9D_Narrative_Strengthens\" title=\"The \u201cSolana Season\u201d Narrative Strengthens\">The \u201cSolana Season\u201d Narrative Strengthens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/million-dollar-solana-purchase-major-move-from-galaxy-digital\/#Solana_Price_Action\" title=\"Solana Price Action\">Solana Price Action<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"582\" data-end=\"635\"><span class=\"ez-toc-section\" id=\"Forward_Industries_and_Solana_Treasury_Strategy\"><\/span>Forward Industries and Solana Treasury Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"636\" data-end=\"856\">This major move follows Galaxy\u2019s recent private placement (PIPE) investment in Forward Industries. Alongside Jump Crypto and Multicoin Capital, Galaxy led the initiative with over $300 million invested.<\/p>\n<p data-start=\"858\" data-end=\"1044\">Forward Industries announced that it will begin accumulating Solana with the raised funds. Following the news, the company\u2019s Nasdaq-listed shares surged 135% within just five days.<\/p>\n<h2 data-start=\"1051\" data-end=\"1098\"><span class=\"ez-toc-section\" id=\"The_%E2%80%9CSolana_Season%E2%80%9D_Narrative_Strengthens\"><\/span>The \u201cSolana Season\u201d Narrative Strengthens<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1099\" data-end=\"1284\">Galaxy Digital CEO Mike Novogratz stated that the crypto market is gaining strong momentum, supported by regulatory developments, signaling the beginning of a \u201cSolana Season.\u201d<\/p>\n<p data-start=\"1286\" data-end=\"1545\">Similarly, Matt Hougan, CIO at Bitwise, highlighted the growing demand from institutions, fueled by discussions around spot Solana ETFs. He emphasized Solana\u2019s advantages over Ethereum, particularly its faster transaction speeds and lower costs.<\/p>\n<h2 data-start=\"1552\" data-end=\"1577\"><span class=\"ez-toc-section\" id=\"Solana_Price_Action\"><\/span>Solana Price Action<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1578\" data-end=\"1682\">At the time of writing, Solana is trading at $238, marking a 6% increase in the last 24 hours.<\/p>\n<p data-start=\"1578\" data-end=\"1682\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-50891 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14-300x168.jpg\" alt=\"\" width=\"743\" height=\"416\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14-300x168.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14.jpg 683w\" sizes=\"auto, (max-width: 743px) 100vw, 743px\" \/><\/p>\n<p>With this surge, Solana\u2019s market capitalization reached $126.4 billion, surpassing BNB and climbing to become the fifth-largest cryptocurrency in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Solana Season narrative continues to gain momentum in the crypto markets, Galaxy Digital has made a massive move by purchasing approximately $530 million worth of Solana (SOL) within the last 24 hours. On-chain data shows the company acquired a total of 2.31 million SOL from Binance, Coinbase, and Bybit wallets. According to blockchain analytics<\/p>\n","protected":false},"author":37,"featured_media":41626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,192,393,5384,840,847,336,58,5760,501,319],"class_list":["post-50890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets","tag-investment","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Million-Dollar Solana Purchase: Major Move from Galaxy Digital!<\/title>\n<meta name=\"description\" content=\"As Solana Season narrative continues to gain momentum in the crypto markets, 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