Solana Price Targets $250 as Galaxy Digital Accumulates $1.6 Billion in SOL

Solana's value remains robust as Galaxy Digital escalates its significant investment in a dedicated Solana treasury.

Key Takeaways

Galaxy Digital has invested approximately $1.6 billion in Solana through its treasury, Forward Industries.
The total SOL holdings of Galaxy Digital now stand at about 6.5 million.
Solana's price is around $240, maintaining upward momentum with the possibility of reaching $250.
Strong institutional interest and DeFi growth are contributing to Solana's price stability.

Chart showing Solana price, technical indicators and support levels

Galaxy Digital's Forward Industries has acquired an additional 4.3 million SOL, valued at approximately $1.1 billion. This purchase followed a substantial $486 million acquisition earlier in the week. The surge in SOL holdings has brought Galaxy Digital's total to around 6.5 million SOL, equating to about $1.55 billion. With continued institutional investments and SOL trading near $240, price forecasts suggest potential gains towards $270 or even $300 in the near future.

Galaxy Digital's Investment Strategy

Galaxy Digital, via its Solana treasury related to Forward Industries, has recently acquired an additional 4.3 million SOL tokens, estimated at roughly $1.1 billion. This acquisition took place over a span of three days, following an impressive buying spree where the company secured $486 million in SOL within just 24 hours earlier this week.

"Galaxy Digital bought another 1.2M $SOL ($306M) in the past 24 hours. Their total buys over the past 5 days now approximate ~6.5M $SOL ($1.55B)." — Lookonchain (@lookonchain) September 15, 2025

With this latest activity, Galaxy Digital's total SOL holdings are now close to 6.5 million tokens, currently valued at about $1.55 billion. Most of these holdings have been transferred into secure institutional custody with Coinbase Prime. Earlier this month, Forward Industries garnered $1.65 billion to develop the Solana treasury in collaboration with Multicoin and JumpCrypto. The speed at which this fund has deployed capital is exceeding earlier expectations, positively influencing the demand for Solana.

Additionally, as Galaxy Digital continues to accumulate SOL, the token's price remains strong, pushing it toward new heights and propelling Solana into the position of the fifth-largest cryptocurrency by market capitalization.

Solana Price Analysis

As of now, Solana is trading at approximately $240, according to market data from crypto.news. Although it has dipped around 2.58% for the day, it shows an impressive increase of about 16% over the past week, carrying on the network's strong performance into mid-September.

The token remains well above its breakout level from earlier this month, positioned near $215. Recently, it has surpassed a significant resistance zone around $220, paving the way for a new price ceiling between $245 and $250. If it can maintain a decisive close above this level, there's potential for prices to rise towards $270 or possibly $300 in the upcoming weeks, provided that purchasing activity and on-chain growth persist.

Chart showing Solana price, technical indicators and support levels Solana price chart | Source: TradingView

Support levels appear solid around the $220 mark, especially if buyers are able to defend the price during any short-term pullbacks. Conversely, if this support fails, there could be a sharper decline towards $210 or even $200, particularly if the market softens or profit-taking occurs.

Currently, the fundamentals supporting Solana's price remain strong. The total value locked in DeFi protocols has hit record levels exceeding $13 billion, indicating a continued influx of capital into Solana’s ecosystem. This rising institutional interest adds another crucial layer of demand that could further elevate SOL's value.