Galaxy, Jump, Multicoin Eye $1B Solana Grab — Is a SOL Supply Squeeze Coming?

Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly preparing one of the largest corporate bets yet on Solana, with plans to raise around $1 billion to acquire the ￰0￱ to Bloomberg, the firms are in advanced talks with potential backers and have tapped Cantor Fitzgerald as the lead banker for the deal. Solana’s Corporate Treasuries Set to Expand With $1B Reserve Plan The plan centers on creating a new digital asset treasury company, which would be formed by taking over an undisclosed publicly traded ￰1￱ completed, it would mark the largest single treasury dedicated to Solana, more than doubling the size of the biggest existing reserve.

BREAKING: @galaxyhq , @jump_ and @multicoincap are reportedly seeking $1B to purchase $SOL , according to ￰2￱ — SolanaFloor (@SolanaFloor) August 25, 2025 According to the Bloomberg report, the transaction has received the backing of the Solana Foundation and is expected to close in early ￰3￱ of the firms involved have publicly commented on the ￰4￱ , currently the sixth-largest cryptocurrency by market capitalization, has staged a sharp rebound this ￰5￱ dropping to multi-month lows in April, SOL has more than doubled and now trades near $200, up 6.6% over the past 30 ￰6￱ surge has been fueled by renewed network activity, rising developer interest, and a wave of corporate entities adding Solana to their ￰7￱ now, the largest institutional holder of Solana has been Upexi Inc., a supply chain management company that pivoted in April to focus on building a SOL ￰8￱ has accumulated more than 2 million tokens worth about $415 million at current ￰9￱ in August, DeFi Development Corp expanded its Solana holdings by adding 110,000 SOL, worth about $22 million at the time, to its ￰10￱ July, the company closed a $122.5 million convertible debt raise led by Cantor ￰11￱ have been used to bolster its SOL position and expand ￰12￱ mining firm Bit Mining recently announced plans to raise between $200 million and $300 million to create its own Solana reserve.

However, that month, the company entered the market, purchasing 27,191 SOL for $4.5 million and launching its own validator to generate staking ￰13￱ this backdrop, the proposed $1 billion purchase by Galaxy, Jump, and Multicoin would dwarf the competition, instantly establishing the largest Solana corporate treasury to ￰14￱ pioneered the model, most visibly through Strategy’s aggressive accumulation strategy that has built a $70 billion BTC ￰15￱ has seen similar momentum, with digital asset treasury companies accumulating around $20 billion worth of ￰16￱ say these vehicles have the potential to drive supply squeezes, tightening liquidity in spot markets and amplifying price ￰17￱ Solana, the creation of a billion-dollar reserve would add fresh momentum to a recovery that began after the collapse of FTX in 2022, when the token’s future was thrown into ￰18￱ and Jump have both been active backers of Solana’s ecosystem, while Galaxy Digital previously helped raise more than $600 million to buy SOL from the FTX estate last ￰19￱ successful, the deal could have market-wide implications.

A billion-dollar Solana grab would represent a substantial portion of liquid supply, with potential knock-on effects for price volatility and staking ￰20￱ Treasuries, Buybacks, and dApps Fuel Solana’s $208 Rally Solana extended its rally this week, climbing 8.1% to $208 with daily trading volumes above $6.6 ￰21￱ a market capitalization of $112.5 billion, the sixth-largest cryptocurrency is once again testing a major resistance level that could determine its next ￰22￱ interest continues to play a pivotal ￰23￱ to the Strategic SOL Reserve tracker , nine entities now collectively hold 6.05 million SOL, worth about $1.21 billion, representing 1.05% of the circulating ￰24￱ concentration is significant, with the top five holders, including Upexi, DeFi Development Corp, Mercurity Fintech, and iSpecimen, controlling 97.5% of tracked ￰25￱ activity further supports Solana’s ￰26￱ shows that Solana-based decentralized applications generated over $27 million in revenue between August 18 and ￰27￱ and Pumpdotfun dominated with over $18 million combined, representing two-thirds of the total.

REPORT: @Solana DApps generated $27M+ revenue over the past 7 days. •⁠ ⁠Axiom Exchange: $9.19 million •⁠ ⁠Pumpdotfun: $9.08 million ￰28￱ — SolanaFloor (@SolanaFloor) August 25, 2025 Other contributors included Phantom Wallet, Photon, and Raydium, highlighting strong activity across trading, wallet transactions, and DeFi ￰29￱ revenue remains well below the peaks seen earlier in 2025, the figures highlight ongoing usage across DeFi, wallets, and trading platforms. On-chain dynamics add another ￰30￱ protocol buybacks have surged industry-wide, with Solana’s share climbing ￰31￱ Data Insights – @Solana Projects Now Account for 40% of Weekly Token Buybacks Across Crypto @ario_57_ Key takeaways: • Weekly token buybacks jumped from $14.5M to $46.8M in just two weeks (+158%). • Solana protocols now account for 40% of weekly buybacks, up… ￰32￱ — SolanaFloor (@SolanaFloor) August 22, 2025 Buyback volumes across Solana protocols rose more than 300% since June, reaching $17.8 million last week and accounting for nearly 38% of total cross-chain ￰33￱ trend reduces circulating supply and reflects growing treasury strategies within Solana’s ￰34￱ network also continues to outpace ￰35￱ marked the tenth consecutive month Solana led Ethereum in decentralized exchange volume, hitting $124 billion, 42% higher than ￰36￱ week in data by @SolanaFloor : Solana outpaced Ethereum in DEX trading volume for the 10th consecutive month, reaching $124B in July, 42% higher than ￰37￱ — Solana (@solana) August 23, 2025 Meanwhile, CME-listed Solana futures surpassed $12 billion in trading volume within just five months, cementing the token’s growing institutional footprint.