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Galaxy Digital Ramps Up Solana Bet, Pours $283 Million In Crypto, But Stock Drops Pre-Market - Galaxy Digital (NASDAQ:GLXY)

Summary by Benzinga
Galaxy Digital Inc. (NASDAQ:GLXY) shares are trading lower in Monday's pre-market trading, coinciding with the cryptocurrency-focused company's purchase of over $280 million in Solana (CRYPTO: SOL). Galaxy Bags Heaps Of SOL Galaxy Digital bought 1.2 million SOL, worth $283.87 million at current prices, over the last 24 hours, reported on-chain analytics firm Lookonchain. With the latest grab, the company's total SOL purchases in the last five da…

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In recent months, Solana has consolidated as one of the most relevant blockchains in the crypto ecosystem. Its scalability, speed and low transaction costs have made it an increasingly attractive alternative to Ethereum. The recent news that Galaxy Digital acquired 1.2 million Solana in just 24 hours has not only surprised the market, but has also put this digital asset back at the center of the global conversation. With this latest purchase, Ga…

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Galaxy Digital’s associated wallets have received millions of SOL tokens from exchanges such as Binance, Coinbase and Bybit in the last week. In the last 12 hours alone they totaled 33,487 SOL. *** The addresses of Galaxy Digital have seen more than 1.3 million SOL tokens enter in a week. In the last 12 hours alone they totaled 33,487 SOL valued at almost $8 million. Galaxy showed signs of accumulation on Friday when it purchased SOL for more th…

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A massive investment by Galaxy Digital is fueling the price fantasy around Solana. What's behind the deal – and why institutional investors are now increasingly relying on SOL. Source: BTC-ECHO BTC-ECHO

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Bitcoin World broke the news in on Monday, September 15, 2025.
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