Galaxy Digital invests heavily in Solana: New trends in crypto treasury companies

Galaxy Digital invests heavily in Solana: New trends in crypto treasury companies

In the past five days, the Solana cryptocurrency has experienced unprecedented growth, which has also been significantly included in its portfolio by investment firm Galaxy Digital. It has bought over $1.5 billion worth of Solana shares in a short period of time, and on Thursday alone, it raised $306 million in a joint venture with Multicoin Capital and Jump Crypto.

Giant purchases and the emergence of a cryptocurrency treasury company

Galaxy Digital has joined a private placement round of shares by Forward Industries, which has recently focused on larger stakes in Solana. The move is part of a broader trend where companies are creating so-called cryptocurrency treasury companies that aim to collect and manage large volumes of digital assets.

In the past five days, Galaxy has bought over 6.5 million SOL tokens, representing approximately $1.55 billion. Data shows that the company is making tens to hundreds of thousands of token purchases at a time, often for millions of dollars.

Growing Influence and Influence on Forward Industries Shares

Health technology company Forward Industries has gained 16% in the past week since announcing a strategic alliance with Galaxy and other partners. Although the company saw a 50% drop in revenue in the previous quarter, its shares are now seeing significant growth, partly due to growing interest in Solana.

Increased Interest in Solana and Its Tokenization

In September, Galaxy Digital became the first Nasdaq-listed company to be tokenized by the Solana blockchain. The move confirms the platform’s growing acceptance not only among investors but also in the traditional financial sector.

Also in the news is the growth in the value of assets locked in the Solana ecosystem, which surpassed a record $12 billion earlier this month — second only to Ethereum. Solana’s share price has risen 17.3% in the past week and nearly 30% in the past month.

The Future of Solana and Cryptocurrency Treasury Companies

Experts predict that interest in Solana will continue to grow. For example, DeFi Development Corp bought over $117 million worth of SOL shares in eight days. According to analysts, Solana’s funds have reached up to $3-4 billion, confirming its position as a key player in the field of decentralized finance.

Summary

Galaxy Digital’s investment in Solana and the emergence of cryptocurrency treasury companies represent a significant shift in the approach to digital assets. The growth of interest and value of the tokens shows that Solana is building a solid position in the market and attracting more and more large players. This trend is likely to continue, also due to the growing interest in blockchain technologies in the world of traditional finance.

*This is not an investment recommendation.

The Coingarage Team