Reported about 6 hours ago
Investment firm Galaxy Digital has acquired over $700 million in Solana (SOL) in just two days, bolstering its investment in Forward Industries' treasury. This move has propelled Solana's price beyond $240, its highest since January. Galaxy CEO Mike Novogratz highlighted Solana's rapid transaction capabilities and positioned it as a major contender for financial markets. The investment, part of a larger $1.65 billion raise for Forward, signals growing institutional confidence in Solana as a treasury asset, potentially influencing future ETF approvals and further market interest.
Source: YAHOO