- Galaxy Digital bought 4.93M SOL worth $1.2B in three days showing unmatched institutional conviction in Solana’s growth.
- With 14 treasuries holding 10.27M SOL worth $2.44B institutional ownership now controls nearly 1.79 percent of total supply.
- Galaxy Digital’s coordinated multi-exchange purchases signal liquidity mastery and mark Solana as a core institutional altcoin.
Galaxy Digital has stunned the crypto industry with one of the largest institutional acquisitions of Solana in recent history. The firm purchased 4.93 million SOL tokens worth about $1.2 billion within just three days.
According to Coin Bureau, “Galaxy Digital accumulated another 595,000 $SOL ($147M) in the past 3 hrs. They added a total of 1.1M $SOL ($271M) in the last 12 hours.” This scale and speed of acquisition has triggered intense market speculation about Solana’s next move.
Additionally, before entering Galaxy’s Fireside custody, 2.16 million SOL purchases were verified by Arkham Intelligence’s on-chain data across Binance and Coinbase hot wallets.
Consequently, the company executed trades across several exchanges including Binance, Kraken, Gemini, Coinbase, and Bitstamp. Each venue hosted purchases ranging between $1.43 million and $19.21 million.
Institutional Scale and Strategy
Moreover, the structured spread of acquisitions shows a refined understanding of liquidity management at an institutional level. Galaxy Digital’s approach ensures smoother execution while avoiding extreme price volatility. Hence, analysts see this effort as more than opportunistic buying. It signals a broader institutional initiative targeting Solana as a core altcoin holding.
Additionally, the firm’s buying spree aligns with its participation in billion-dollar Solana treasury programs. Galaxy Digital now emerges as a central driver of institutional confidence in the Solana ecosystem. The coordinated effort suggests that large buyers are positioning early for what many believe could be the next altcoin boom.
Treasury Holdings and Market Impact
Furthermore, institutional treasuries continue to accumulate aggressively. Currently, around 14 confirmed holders manage 10.27 million SOL, valued at approximately $2.44 billion. That accounts for nearly 1.79% of Solana’s total supply. Consequently, this growing concentration of institutional ownership could significantly influence Solana’s future trading behavior and price stability.
The timing of Galaxy Digital’s accumulation reflects rising momentum in September as more institutional participants enter the market. Solana is one of the most strategically accumulated altcoins in 2025.
Galaxy Digital’s billion-dollar Solana move highlights growing institutional conviction, signaling stronger market shifts and a new phase of adoption.
