Galaxy Digital Invests $1.16B in Solana as SOL Surpasses $240

Galaxy Digital, a renowned crypto and data center infrastructure company, has entered the market with an unexpected boost to its crypto reserve. According to data from on-chain activities tracker Lookonchain, the firm has filled its stash with almost five million units of SOL, the native cryptocurrency of the Solana blockchain, which has pushed the price of the coin to the upside. 

Galaxy Digital has bought nearly 5M $SOL($1.16B) in the past 3 days, of which 4,719,937 $SOL($1.11B) has been moved to #CoinbasePrime for custody.

And their wallet still holds 219,830 $SOL($53.5M).https://t.co/jOWkBf2TxA pic.twitter.com/mlxaq3tljQ

— Lookonchain (@lookonchain) September 13, 2025

Nearly 5M SOL in Three Days

According to data from Arkham Intelligence, Galaxy purchased 1,452,392 SOL, valued at approximately $326 million, on Thursday. On Friday, it re-entered the market, acquiring approximately 2,159,182 SOL, valued at $486 million, which significantly bolstered its holdings. It also scooped up over 750,000 SOL on Wednesday. 

Following the massive buy, the firm has transferred 4,719,937 SOL to Coinbase Prime, demonstrating confidence in the world’s fifth-largest crypto asset as it plans to hodl SOL for the long term. Meanwhile, Galaxy is still holding around 514,591 SOL at the time of writing.

Corporate SOL Investors on the Rise

Recent data from the Strategic Solana Reserve (SSR) show that approximately 17 companies have adopted SOL as their primary reserve asset, holding around 10,289,000 SOL, which accounts for about 1.79% of the total supply, valued at over $2.5 billion. Concluding its latest weekly purchase, Galaxy now holds over 40% of the digit. 

Other strategic SOL investors include DeFi Development Corp. It recently acquired 196,141 SOL and now holds 2,027,817 worth over $430 million. Pharmaceutical packaging company Sharps Technology and Upexi, a publicly listed consumer products distributor, are also on the list, with over 2 million SOL in their treasury. 

Recent reports also reveal that Forward Industries, a Nasdaq-listed industrial design services company, is taking steps to join the ever-growing list of institutional SOL investors. It has secured approximately $1.65 billion through a private investment in public equity (PIPE) offering, which it plans to use for building a strategic SOL reserve. 

Meanwhile, due to increased investor attention to the SOL, it has witnessed a nearly 20% price jump within the past seven days and trades around $242 at the time of writing. 

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