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- Galaxy Digital purchased $306M SOL in one day, totaling over $1.5B in a week.
- Forward Industries partners with Galaxy to create a crypto treasury, driving stock gains.
- Solana adoption surges with record $12B TVL, second only to Ethereum.
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Digital assets investment firm Galaxy Digital has made headlines after purchasing $306 million worth of Solana (SOL) in a single day. Partnering with Multicoin Capital and trading firm Jump Crypto, the move is part of a broader initiative to establish a crypto treasury company. According to Lookonchain, Galaxy acquired 1.2 million SOL tokens from multiple exchanges on Sunday and sent them to the crypto custody firm Fireblocks.
This purchase continues Galaxy’s recent spree, which has seen the firm acquire over $1.5 billion in Solana since Wednesday, underscoring its bullish stance on the blockchain platform.
Forward Industries collaboration fuels interest
Galaxy’s recent Solana acquisitions come shortly after announcing a partnership with Multicoin Capital and Jump Crypto to join a $1.65 billion private placement round in Forward Industries. The medical device company has pivoted to prioritize Solana holdings, reflecting a growing trend of public firms embracing crypto treasuries.
Galaxy Digital bought another 1.2M $SOL($306M) in the past 24 hours.
— Lookonchain (@lookonchain) September 15, 2025
Their total buys over the past 5 days have now reached ~6.5M $SOL($1.55B).https://t.co/f4FXOfK0vJ pic.twitter.com/NQ9da23mzm
Forward Industries’ stock responded positively to this strategy, rallying 16% over the past week and climbing 620% year-to-date. The surge comes despite revenue declining 50% and net profit margin down 329% year-over-year in the June quarter.
Solana adoption continues to expand
Solana’s ecosystem is witnessing increasing adoption, with Galaxy Digital becoming the first Nasdaq-listed company tokenized on the Solana blockchain on September 3. Similarly, Solana treasury company DeFi Development Corp reached a 2 million SOL treasury milestone after investing $117 million over eight days.
Helius CEO Mert Mumtaz highlighted that Solana treasury companies have collectively raised $3–$4 billion, with more anticipated in the coming months. Total value locked (TVL) on Solana recently hit a record $12 billion, second only to Ethereum, while SOL has gained nearly 30% over the past month.
The SOL treasury companies' initial raises combined are about 3-4B (more are coming)
— mert | helius.dev (@0xMert_) September 14, 2025
This is before they buy more on the open market
Unlike Bitcoin and MSTR, a non-trivial amount of this cash will be injected into SOL DeFi
not financial advice
Galaxy Digital’s aggressive Solana purchases signal growing institutional confidence in the blockchain and the emerging trend of crypto treasury companies. With adoption on the rise and record TVL figures, Solana’s ecosystem is poised for further growth, attracting both investors and public firms looking to diversify with digital assets.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Solana Surpasses BNB as Galaxy’s $486M Buy Fuels 8% Rally
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
