Galaxy Buys Altcoin Up 14%, Makes $100M Move in Its Ecosystem

Galaxy added $100 million in sUSDS from the Sky ecosystem to its treasury and also bought an undisclosed amount of SKY, whose price rose 14% over the week.

According to information shared by Santiment, Galaxy’s moves in the Sky ecosystem were not limited to a treasury investment. The company also approved sUSDS held in its treasury as collateral for institutional loans. This puts the asset to use both in Galaxy’s treasury management and its lending operations.

sUSDS for the Treasury, SKY for the Portfolio

Galaxy allocated $100 million to sUSDS. The company also bought the ecosystem’s SKY token, but did not disclose the size of that separate purchase.

Accepting sUSDS as collateral for institutional loans is significant because it allows customers who hold sUSDS to use the asset in lending transactions. Galaxy’s move shows interest in the ecosystem not only through token investment but also through financial use.

SKY Stands Out With Weekly Gains

In the price data shared by Santiment, SKY rose 14% over the past seven days and 3% over the past 24 hours. While these figures reflect the picture at the time of the post, SKY was among the assets that ended the week in positive territory despite a broader pullback in the crypto market.

Santiment linked SKY’s weekly gains to growing institutional interest, highlighting Galaxy’s treasury, collateral, and token purchase moves.