Galaxy Digital scoops $306M in Solana after deal for crypto treasury

Galaxy Digital has purchased $1.55 billion worth of Solana in the past five days after joining a $1.65 billion private placement in a Solana treasury firm.

Digital assets investment firm Galaxy Digital has bought $306 million worth of Solana in a single day after teaming up with investment firm Multicoin Capital and trading firm Jump Crypto to create a so-called crypto treasury company.

Galaxy scooped up 1.2 million Solana (SOL) on Sunday from multiple exchanges and sent them to the crypto custody firm Fireblocks, according to blockchain data reported by Lookonchain.

It extends a Solana buying spree from Galaxy since Wednesday, which has seen it buy up over $1.5 billion worth of the token.

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