BBX: Galaxy billion dollars bet on sUSDS, Silvia cashes in for repurchase to defend net value
2026-09-24 10:40:53
According to CoinMeta, as reported by BBX, Galaxy Digital invested $100 million to build a position in sUSDS and configured SKY to establish a lending pathway for institutions that can obtain loans through staking, while also negotiating to expand financing by $500 million for warehousing. At the same time, Forward Industries directly sold 25 million dollars worth of common shares, making a strong bid in the secondary market for SOL to increase the asset reserve per share. In addition, Silvia (formerly Procap) realized $124 worth of BTC and carried out a 2.3% discount stock repurchase, canceling a total of 14.5% of the shares, which pushed the price per share of NAV to $4.27. The market is showing a trend where leading comprehensive crypto finance groups are restructuring the liquidity network by configuring interest-bearing stablecoins and monetizing them as collateral for institutions.
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Source:Internet
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