So, Galaxy Digital—crypto’s version of “I’m bored, let’s stir things up”—has decided to play a high-stakes game of blockchain swap-meet, scooping up Solana (SOL) while casually offloading a truckload of Ethereum (ETH). Because why not throw your chips on a different color table when the game’s getting… complicated?
Lookonchain, the blockchain’s nosy neighbor, spotted this drama unfold: over the past couple of weeks, Galaxy Digital went all “sell, sell, sell” on Ethereum, raking in tens of millions, then sneakily grabbed a hefty bag of Solana.
“In case you missed it, they dropped 65,600 ETH—yeah, a casual $105.48 million—into Binance and walked out with 752,240 SOL, worth about $98.37 million.” Someone’s redecorating their crypto living room.
Meanwhile, Alex Thorn, Galaxy’s head of research, is whispering ideas to Uncle Sam about buying Bitcoin with something like a secret crypto slush fund—turning confiscated altcoins into BTC without so much as handing Uncle Sam a dollar bill. It’s like magic, but with spreadsheets.
“Picture it: no cash ever mingles with the Treasury’s hands. Swap altcoin for Bitcoin and voilà—budget-neutral SBR (Strategic Bitcoin Reserve) satisfaction. Promises kept without breaking a sweat.” Very spy movie, very cloak-and-dagger.
Ethereum’s chilling at $1,630, which is, fun fact, a stomach-dropping 67% dive from its peak glory days in November 2021. Solana’s playing it cool at $140, down 52% from its high in January. Crypto’s version of a midlife crisis, but with more emojis and fewer therapist visits.
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2025-04-23 17:42