Galaxy, Multicoin, and Jump Plan to Create the Largest SOL Investment Company
According to Bloomberg, Galaxy Digital, Multicoin Capital, and Jump Crypto are negotiating with potential investors to raise approximately $1 billion, specifically targeting Solana (SOL), aiming to establish the largest SOL investment entity to date.
The transaction will be underwritten by Cantor Fitzgerald LP, and the three companies intend to form a 'Digital Asset Finance Company' by acquiring a publicly listed company.
According to CoinGecko data, the publicly listed company holding the most SOL is Upexi Inc., with approximately 2 million tokens (valued at about $400 million). If the deal goes through, the new entity will far surpass existing token-holding companies.
Notably, the Solana Foundation, headquartered in Switzerland, has expressed clear support for this plan. Sources indicate that the transaction is expected to be completed as early as September.
From past actions, Multicoin and Jump have been deeply involved in the Solana ecosystem for a long time; Galaxy Trading also raised $620 million last year to acquire SOL from the FTX bankruptcy estate. This collaboration among the three can be seen as a strong reinvestment in the Solana ecosystem, indicating that institutions are treating SOL as an important tool for the next bull market.
