Investment firm Galaxy Digital has acquired over $700 million in Solana in the past two days, with the price of Solana continuing to rise. Galaxy has been transferring SOL mostly from Binance, buying over 3 million SOL since Wednesday. Forward Industries, led by Galaxy, raised $1.65 billion for a Solana treasury. Galaxy sees Solana as the blockchain for financial markets, processing 14 billion transactions per day. Solana’s price has surged, reaching $241, making it the second-biggest gainer in the top 10 assets by market cap. Galaxy’s focus on Solana indicates growing institutional confidence in the altcoin. Other industry figures agree that Solana is investable at scale, with potential ETFs awaiting SEC approval. Approaching upgrades like Firedancer could further boost Solana’s price and usage growth.

Read more at Yahoo Finance: Solana Surges Again as Galaxy Digital Buys Over $700 Million in SOL