Galaxy, Jump, and Multicoin align on $1B Solana treasury initiative

Galaxy Digital, Multicoin Capital, and Jump Crypto are seeking to raise $1 billion to acquire Solana (SOL). If successful, the effort would establish the largest corporate treasury dedicated to the token to date.

According to Bloomberg, the three firms plan to acquire a publicly traded company and convert it into a dedicated digital asset treasury vehicle, with Cantor Fitzgerald serving as lead banker.

The initiative, which has reportedly received support from the Solana Foundation, is expected to close in early September 2025.

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