Galaxy Digital Boosts Solana Holdings as FTX Estate Unstakes $45M SOL

Galaxy Digital has bought extra Solana in its newest treasury car push. In one other transfer, FTX Estate redeemed $45 million price of SOL from staking. 

Galaxy Digital Expands Its Solana Position

On-chain data revealed that Galaxy Digital acquired one other 706,790 SOL, valued at roughly $160 million. This brings its 24-hour shopping for spree to a complete of two.15 million, price an estimated $486 million. 

Galaxy Digital simply purchased one other 706,790 $SOL($160M).

In the previous 24 hours, their whole purchase is a large 2,159,182 $SOL($486M).https://t.co/OFLLaSJQdS pic.twitter.com/RUoK7NXZMM

— Lookonchain (@lookonchain) September 12, 2025

Galaxy Digital’s exercise is tied to its function in facilitating a $1.65 billion non-public placement by Forward Industries. The Nasdaq-listed company announced that proceeds from the increase could be used to construct a devoted Solana treasury. Galaxy Digital, alongside Jump Crypto and Multicoin Capital, led the financing and pledged ongoing strategic assist.

Forward Industries confirmed that the treasury is designed to make the corporate one of many main institutional members within the altcoin ecosystem. 

CEO Mike Novogratz shared in a CNBC interview on Thursday that the crypto market is coming into a “season of SOL.”  He cited robust momentum and bettering regulatory circumstances.

🚨JUST IN: Galaxy CEO @novogratz on CNBC stated the SEC’s push for tokenization is “lining up” with Solana’s monetary market readiness, calling it the “season of Sol.” He revealed Dan Moorhead (@PanteraCapital) can be launching a $SOL fund and treasury firm. pic.twitter.com/p6b4ejL7mn

— SolanaFlooring (@SolanaFlooring) September 11, 2025

Galaxy Digital, Jump Crypto, and Multicoin Capital had earlier announced a $1 billion Solana acquisition plan. The scale of the Forward Industries deal exhibits how shortly confidence within the token has grown amongst main institutional gamers.

FTX Estate Continues Monthly Unstaking

EmberCN reported that the bankrupt FTX Estate and Alameda entities unstaked roughly 192,000 SOL as a part of their common liquidation schedule. This is valued at $44.9 million.

Since November 2023, the FTX Estate has redeemed and transferred almost 9 million SOL. This is price roughly $1.21 billion at a median worth of $134. Even with these gross sales, the property nonetheless holds a considerable quantity, with about $977 million SOL left staked.

At least 14 verified entities now collectively maintain greater than 10.27 million SOL, valued at round $2.44 billion. This represents almost 1.8% of Solana’s circulating provide. This is a pointy climb from earlier within the 12 months as extra corporations decide to long-term publicity.

DeFi Dev Corp. also recently boosted its reserves. The agency acquired 196,141 SOL at a median worth of $202.76 per token. This transfer expanded its holdings by 11%, additional signaling sustained institutional urge for food.

Furthermore, SOL Strategies Inc. launched trading on the Nasdaq Global Select Market underneath the ticker STKE. They turned one of many first Solana-focused firms to entry U.S. capital markets. 

The token is at the moment buying and selling at $239. This marks a 6% acquire previously 24 hours and a 15.83% rise over the week, persevering with its month-long rally.

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Michael Adeleke

Michael Adeleke is a passionate crypto journalist recognized for breaking down advanced blockchain ideas and market tendencies into clear, partaking narratives. He focuses on delivering well timed information and sharp market evaluation that retains crypto lovers knowledgeable and forward of the curve. With an engineering background and a level from the University of Ibadan, Michael brings analytical depth and precision to each piece he writes.