๐Ÿšจ Galaxy Digital, Jump, and Multicoin Are Building a $1B Solana Treasury

๐Ÿ“ข According to Bloomberg, Galaxy Digital, Jump, and Multicoin are in talks with investors to raise $1 billion for what could become the largest Solana-focused treasury ever created.

๐Ÿ”‘ Key details:

โœ… Cantor Fitzgerald is leading the deal

โœ… Strategy: Acquire a publicly listed entity โ†’ Transform it into a digital asset treasury company

โœ… Solana Foundation is reportedly backing the proposal

โœ… If approved, this treasury would be 2x larger than any existing Solana reserve

๐Ÿ” Why it matters:

โ–ซ๏ธ Solana has doubled in price since April and remains the 6th-largest crypto by market cap

โ–ซ๏ธ A treasury of this scale could stabilize the market, fuel long-term growth, and increase institutional adoption

โ–ซ๏ธ This move mirrors Ethereum-focused treasury strategies, which helped ETH holdings surpass $20B

๐Ÿ’ก Could this be the beginning of institutional Solana dominance? Or will volatility still keep big players cautious?

#Solana #Crypto #GalaxyDigital #Blockchain #DeFi

https://coingape.com/just-in-galaxy-digital-jump-and-multicoin-target-1b-raise-to-build-solana-treasury/?utm_source=bnb&utm_medium=coingape