Galaxy Digital, Multicoin, Jump Crypto plan $1B Solana fund: Report

Crypto giants Galaxy, Multicoin and Jump are seeking to raise $1 billion for a Solana treasury, with Cantor Fitzgerald as their lead banker.

Update Aug. 25, 9:01 am UTC: This article has been updated to add more details about the current largest corporate SOL treasuries.

Digital asset companies Galaxy Digital, Multicoin Capital and Jump Crypto are reportedly working to raise $1 billion to buy Solana. 

A Bloomberg report citing anonymous sources said on Monday that the three companies are looking to form the largest treasury dedicated to Solana (SOL). It added that the three companies have tapped Cantor Fitzgerald as lead banker.

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