Solana Surges Again as Galaxy Digital Buys Over $700 Million in SOL

Group 1 - Galaxy Digital has purchased over $700 million in Solana (SOL) as part of its investment in Forward Industries, acquiring just over 3 million SOL in recent transactions [1][2] - Forward Industries is raising $1.65 billion to build the world's largest publicly traded Solana treasury, with Galaxy leading the investment [2][5] - Galaxy's interest in Solana is driven by its belief that the blockchain is well-suited for the next generation of capital markets, with the ability to process 14 billion transactions per day [3][4] Group 2 - The recent investment by Galaxy and the establishment of a large Solana treasury signals growing institutional confidence in SOL's long-term value [5] - Solana's price has increased by 6% in the past 24 hours, surpassing $241 for the first time since January, and has risen nearly 19% over the last week [6]