Galaxy Digital Acquires $326 Million in SOL for Multicoin Investment

Galaxy Digital has made a significant investment in Solana (SOL) with the purchase of a hefty $326 million worth of tokens, as reported by Foresight News. This transaction was facilitated through Arkham’s blockchain analysis platform and is directed towards Multicoin’s SOL DAT (Forward Industries). Galaxy Digital currently boasts an impressive cash reserve of $1.3 billion, consisting of both stablecoins and readily available cash, allowing for further acquisitions as desired. Notably, this includes a substantial $354 million in stablecoins and up to $1 billion in readily accessible cash.