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GLXY
Benzinga
1 min

Galaxy Digital Ramps Up Solana Bet, Pours $283 Million In Crypto, But Stock Drops Pre-Market

1. Galaxy Digital purchased $283.87 million in Solana (SOL) recently. 2. Total SOL purchases reached 6.5 million, valued at $1.53 billion. 3. Despite acquisitions, GLXY shares fell 1.72% in pre-market trading. 4. SOL's recent 5% decline may have impacted GLXY's share performance. 5. Year-to-date, Galaxy shares are up over 71%, indicating strong growth.

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FAQ

Why Neutral?

Investors are unenthusiastic despite significant SOL purchases, suggesting market skepticism.

How important is it?

The article discusses significant investments affecting near-term stock activity and investor sentiment.

Why Short Term?

Current price movements are reflective of immediate market reactions to SOL trends.

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