Tag: Solana

On-chain data shows Galaxy Digital executing 13 transactions to acquire approximately 1.24 million SOL tokens, valued at $300 million, from major exchanges including Binance, Coinbase, and Bybit in the past 24 hours. The firm then transferred the assets to custody wallets on Fireblocks, signaling a strategic accumulation. This latest move extends a broader buying spree, with Galaxy amassing around 6.5 million SOL over the past five days...

Sharps Technology (STSS) announced a $400 million+ private placement to establish a large Solana (SOL) treasury, with shares jumping as much as 96% on August 25, 2025. The deal includes a $50 million SOL purchase at a 15% discount via a letter of intent with the Solana Foundation, backed by investors like ParaFi, Pantera, and CoinFund. This move reflects growing institutional interest in Solana, positioning Sharps as a hybrid...

Three prominent crypto firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in advanced talks to raise $1 billion for a Solana-focused treasury fund. The initiative, endorsed by the Solana Foundation, involves acquiring a publicly traded company to create a digital asset treasury vehicle. This move could establish the largest corporate Solana reserve, surpassing existing treasuries and reflecting heightened institutional...