Galaxy, Multicoin Capital and Jump Crypto Plan $1 Billion Solana Treasury
Galaxy Digital, Multicoin Capital, and Jump Crypto aim to raise $1 billion for a treasury focused on Solana's SOL. They have engaged Cantor Fitzgerald as the lead banker.
- The firms plan to acquire a listed company and establish a digital asset treasury firm.
- This strategy mirrors the approach of Michael Saylor’s bitcoin holding firm.
- The transaction is expected to finalize in early September with approval from the Solana Foundation.
- The new entity will target SOL Strategies, which has filed for a Nasdaq listing.