$XRP $SOL #HEMIBinanceTGE #BTCWhalesMoveToETH 🔥 $1B Solana Treasury in the Works

Galaxy Digital, Jump Crypto, and Multicoin Capital are teaming up to raise $1 billion for what could become the largest Solana (SOL) treasury to date, according to Bloomberg.

🔑 Key details:

•The three firms have hired Cantor Fitzgerald as lead banker.

•Plan: buy out a listed company and convert it into a digital asset treasury firm focused on Solana.

•The initiative mirrors the treasury strategy pioneered by Michael Saylor’s MicroStrategy (MSTR) with Bitcoin.

•The deal has reportedly received the green light from the Solana Foundation and is expected to close in early September.

The new entity will compete with SOL Strategies, a Toronto-listed firm currently seeking a Nasdaq listing.

🌐 Digital asset treasuries are quickly becoming a new frontier in crypto, with major firms securing tokens on balance sheets as long-term bets.

👉 If successful, this could mark a major milestone for institutional adoption of Solana and its growing ecosystem.

#Solana #Crypto #GalaxyDigital #JumpCrypto #Multicoin