Jump Crypto reportedly rotates $205M in SOL to $265M in BTC via Galaxy Digital
Key Takeaways
- Jump Crypto converted $205M worth of Solana's native token (SOL) into $265M worth of Bitcoin (BTC) using Galaxy Digital's platform.
- The transaction marks a notable portfolio shift from Solana to Bitcoin by a major crypto trading firm.
Jump Crypto, a crypto trading firm focused on market making and building high-performance infrastructure for the Solana ecosystem, appears to have rotated $205 million in SOL to $265 million in Bitcoin through Galaxy Digital today, according to Lookonchain.
The transaction represents a significant shift from Solana’s native token to Bitcoin for the market maker. Galaxy Digital, a digital asset management firm, facilitated the exchange between the two major crypto assets.
Jump Crypto has been developing Firedancer, a validator client for Solana, to support high-throughput market making activities that require robust network performance. The firm has maintained close ties to the Solana ecosystem through its infrastructure development work.
Galaxy Digital has partnered with Superstate to tokenize its stock shares on the Solana blockchain, enabling on-chain holding and transfers for institutional investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions Support Sei as a Link Between DeFi and Traditional Finance
- Sei Network's SEI token gains traction as institutional adoption accelerates, with $10B+ DEX volume and partnerships with BlackRock, Hamilton Lane, and Apollo. - Hamilton Lane's $1T tokenized private-credit fund on Sei in October 2025 highlights blockchain's role in real-world asset (RWA) integration and DeFi-traditional finance bridging. - SEI's Q3 2025 financials show $578.5M revenue and $164.2M net income, supporting long-term growth amid bullish price forecasts up to $2.08 by 2030. - Short-term techn
21Shares Plans Return with Launch of HYPE ETF: A Detailed Look
New Fund to Follow HYPE's Market Performance and Staking Rewards as 21Shares Eyes Comeback
Bitcoin News Today: Bitcoin Eyes $110k Surge—Is $1.51B at Risk of Liquidation or Does This Reflect Growing Institutional Trust?
- Bitcoin near $120,000 triggers $1.51B short liquidation risk if it breaches $110,000, per Yahoo Finance analysis. - Bitcoin ETFs see $931M inflows vs. Ethereum ETF outflows, highlighting institutional preference for Bitcoin's liquidity. - Security threats (40.8% social engineering scams) and regulatory actions (AUSTRAC $37k fine) persist despite market optimism. - Bitcoin's $115k "CME gap" breakout could validate bullish momentum, but $1.51B liquidation risk underscores market fragility.
Ethereum News Today: Ethereum’s Fusaka Update: Achieving Greater Scalability While Maintaining Security
- Ethereum's Fusaka upgrade launches Dec 3 after Hoodi testnet success, enhancing scalability and security via PeerDAS and gas limit increases. - Upgrade raises block gas limit 5x to 150M units and enables parallel smart contract execution, doubling transaction capacity while maintaining decentralization. - Three-phase rollout includes mainnet activation, blob capacity expansion, and hard fork, with post-upgrade focus shifting to the Glamsterdam upgrade for block time optimization. - While addressing Ether
Trending news
MoreCrypto prices
More
