Jump Crypto Shifts Strategy, Moves Billions into Bitcoin Amidst Market Dip

Market-making giant Jump Crypto has made a significant shift in its cryptocurrency holdings. According to on-chain analytics platform Lookonchain, the company recently converted a substantial portion of its Solana (SOL) holdings into Bitcoin (BTC). This move involved transferring 1.1 million unlocked SOL tokens worth approximately $205 million to Galaxy Digital, receiving roughly 2,455 BTC worth around $265 million in return. 🧠 This seemingly unusual transaction highlights Jump Crypto’s strategic shift away from the Solana ecosystem.