Galaxy Digital Invests $1 Billion in Solana: Institutional Backing Fuels Market Momentum

Leading crypto firm, Galaxy Digital, has made a significant investment of over $1 billion in Solana (SOL) through Multicoin Capital’s new Designated Activity Trust (DAT). This move comes as part of a wider strategy to establish the platform as a key player within the cryptocurrency ecosystem. The initial purchase of $326 million serves as a prelude to an anticipated total investment of up to $1 billion for Solana, with remaining funds available in cash and stablecoins.