Reports indicate that Galaxy Digital, Multicoin Capital, and Jump Crypto are working to raise $1 billion to create a dedicated Solana treasury. This plan will establish the largest structured reserve of Solana to date, indicating deep institutional confidence in blockchain technology.
Institutions are surrounding Solana as companies plan a $1 billion token reserve.
Galaxy Digital, Multicoin Capital, and Jump Crypto are in advanced talks with potential backers to raise about $1 billion for what could become the largest dedicated treasury for Solana.
According to a Bloomberg report, the companies have chosen Cantor Fitzgerald L.P. as the lead banker on the deal, aiming to establish a digital asset treasury by acquiring a publicly traded entity. The proposed fund will focus exclusively on aggregating and holding Solana at scale, a move intended to stabilize price dynamics while signaling confidence in the long-term trajectory of blockchain technology.
Solana has gained momentum as one of the fastest and most cost-effective layer one networks, powering decentralized exchanges, non-fungible token (NFT) markets, and consumer-facing applications. By aggregating institutional capital in a reserve worth $1 billion, the three companies will not only take a significant position in the Solana ecosystem but also set a precedent for structured investment vehicles similar to Wall Street in the cryptocurrency space.
A cryptocurrency treasury of this size can absorb supply during periods of volatility, reduce selling pressure, and provide developers and investors with greater confidence to build on Solana. For Galaxy, Multicoin, and Jump Crypto, this initiative represents a bet on Solana's technical edge and an effort to develop its financial infrastructure.
