Galaxy Digital bought over $300 million in Solana in a day, and $1.57 billion in five days. This coincides with a large investment in Forward Industries.
Galaxy Digital increases its position in Solana: over $1.5 billion in a week
Mike Novogratz’s investment company Galaxy Digital has sharply increased its presence in Solana. According to Arkham Intelligence, in the last 24 hours alone, the company bought 1.24 million SOL from the Binance, Coinbase and Bybit exchanges for about $300 million.
This is just part of a large-scale campaign: Lookonchain analysts estimated that in the last five days Galaxy bought over 6.5 million SOL for $1.57 billion. A significant part of the assets was transferred to Fireblocks custodial wallets.
Institutional Bet on Solana
The massive buying coincides with news of a $1.65 billion private placement of shares in Solana vault company Forward Industries (FORD), led by Galaxy, Jump Crypto and Multicoin Capital. The three companies have collectively invested over $300 million and pledged strategic support to make Forward Industries a key public player in the Solana ecosystem.
While a direct link between Galaxy and FORD’s recent purchases has yet to be officially confirmed, the market has interpreted the events as a unified strategy.
“Solana Season”
Novograts himself is not hiding his optimism: he declared that the market is entering “Solana Season,” citing the asset’s strong momentum and positive regulatory signals.
Solana appears to be gradually cementing its status not only as a top blockchain among retail traders, but also as a priority choice for institutional players.
