$1B Solana Treasury Plan Brings Galaxy, Multicoin, and Jump Together

Galaxy Digital, Multicoin Capital, and Jump Crypto are preparing one of the boldest bets yet on Solana, seeking to raise roughly $1 billion to acquire an undisclosed publicly traded company and turn it into the largest Solana-focused treasury to date. People familiar with the matter told Bloomberg that investment bank Cantor Fitzgerald is leading the deal, which has already secured backing from the Solana Foundation. The transaction is expected to close in early September. If successful, the venture would more than double the size of any existing Solana investment vehicle and mark a shift in how institutional players treat

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