📌Digital Asset Firms Aim to Raise $1 Billion for Solana Acquisition😲
According to Cointelegraph, digital asset companies Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly collaborating to raise $1 billion to acquire Solana. A Bloomberg report, citing anonymous sources, revealed that these firms are planning to establish the largest treasury dedicated to Solana ($SOL ). Cantor Fitzgerald has been appointed as the lead banker for this initiative.
The strategy involves taking control of a publicly traded entity to form a digital asset treasury company with a focus on $SOL. Bloomberg noted that the Solana Foundation has expressed support for the efforts of these companies, endorsing the treasury formation. Currently, $SOL ranks as the sixth-largest token by market capitalization, as per CoinGecko data, and is trading at nearly $200, marking a 6.6% increase over the past 30 days.
Cointelegraph attempted to contact Galaxy Digital for comments but had not received a response at the time of publication. This story is still developing, and additional information will be provided as it becomes available.
