TLDR
- Galaxy Digital acquired 1.24 million SOL worth $300 million from Binance, Coinbase, and Bybit within 24 hours.
- The company has accumulated a total of 6.5 million SOL in the past five days according to onchain data.
- Galaxy Digital moved most of the acquired SOL to custody wallets managed by Fireblocks.
- The firm led a $1.65 billion private placement in Forward Industries alongside Jump Crypto and Multicoin Capital.
- Galaxy Digital confirmed it will support Forward Industries in expanding its role within the Solana ecosystem.
Galaxy Digital continued its Solana acquisition spree, adding $300 million worth of SOL from major exchanges in just one day. Arkham Intelligence data confirms that Galaxy Digital secured 1.24 million SOL across 13 transactions within 24 hours. These transactions involved Binance, Coinbase, and Bybit.
Galaxy Digital Buys 6.5M SOL in Five Days
Galaxy Digital has aggressively acquired Solana in recent days, showing consistent buying behavior across multiple exchanges. Lookonchain reported the firm accumulated 6.5 million SOL over five days, equal to $1.57 billion. These coins came from Binance, Coinbase, and Bybit in several large transactions.
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
Galaxy Digital moved significant amounts of SOL to Fireblocks custody wallets after the purchases. Onchain analytics shows internal transfers followed each exchange withdrawal, confirming an organized strategy. These wallet movements signal strong custodial planning by Galaxy Digital.
The buying activity coincided with price strength and favorable Solana sentiment in broader crypto markets. Mike Novogratz, Galaxy’s CEO, commented on a “season of Solana” during a recent interview. He emphasized increasing momentum and regulatory clarity surrounding the token.
Strategic Role in Forward Industries Deal
Galaxy Digital also led a $1.65 billion private placement in Forward Industries, a Solana asset firm. The investment round closed Thursday, with Galaxy Digital, Jump Crypto, and Multicoin Capital contributing over $300 million. The capital aims to boost Forward Industries’ role in the Solana ecosystem.
Arkham data shows Galaxy Digital’s SOL holdings align with this strategic deal. The company has supported Forward Industries with both funding and ecosystem planning. The investment reinforces Galaxy Digital’s growing Solana exposure.
Lookonchain hinted at a connection between Galaxy Digital’s SOL accumulation and the Forward deal. However, no official confirmation verifies the relationship. Galaxy Digital has not commented yet on the matter.
