According to Blockworks, Multicoin Capital managing partner Kyle Samani is expected to serve as the chairman of a Solana reserve company (DAT), which is being planned by Multicoin, Galaxy Digital, and Jump Crypto, aiming to raise $1 billion through the acquisition of a privately held company. The deal has not yet been completed. Public data shows that currently only about 1% of SOL is held by the reserve company, lower than Bitcoin (3.4%) and Ethereum (2.9%). Multicoin first invested in the project during the seed round of financing for the Solana blockchain in 2018.