Galaxy Digital, Jump Crypto Plots $1B Solana Treasury Firm

Galaxy Digital, Jump Crypto, and Multicoin Capital are in advanced talks to raise $1 billion for a new ￰0￱ to Bloomberg, the institutional investors are preparing to build a digital asset treasury company designed around Solana (SOL). Instead of starting from zero, the group plans to acquire a publicly traded company and reshape it into a crypto treasury ￰1￱ Traditional Finance Into a Crypto Gateway Acquiring an existing public company gives this venture an ￰2￱ means that once the transition is complete, the treasury firm will already have a stock market ￰3￱ is poised to provide investors with a familiar way to gain exposure to Solana without directly buying ￰4￱ approach echoes what U.

S. U. S.-listed firm Strategy led by Michael Saylor achieved with Bitcoin (BTC) but places a new spotlight on an alternative ￰5￱ investment bank Cantor Fitzgerald LP has been brought in to lead the transaction, and the deal is expected to close by early ￰6￱ successful, this project could open a new path for traditional investors to enter the crypto space while also giving Solana a strong push into mainstream ￰7￱ Foundation Support Strengthens Treasury Initiative Backing from the Solana Foundation, the nonprofit that steers the growth of the blockchain ecosystem, adds weight to the ￰8￱ support is important because big institutional projects often struggle without community and ecosystem ￰9￱ the foundation involved, the treasury project is financially and strategically tied to Solana ’s long-term ￰10￱ Bitcoin and Ethereum (ETH) still dominate corporate balance sheets, Solana is creating its own ￰11￱ is known for its large developer base , fast transactions, and low ￰12￱ strengths have made it a hub for both decentralized finance (DeFi) projects and memecoin activity.

Today, Solana is the sixth-largest cryptocurrency, with a market value of about $109 billion and a trading price near $200. Over the past year, SOL has risen 26.8%, showing strong performance in a competitive market. $1B Solana Push Marks Shift Toward Diversified Crypto Treasuries Experts believe the $1 billion investment could influence the entire ￰13￱ Ruck, director at LVRG Research, explained that large-scale accumulation may reduce available supply, raise confidence, and encourage more developers and investors to enter Solana’s ￰14￱ move also reflects a broader trend where corporate treasuries are diversifying beyond ￰15￱ has been the first alternative , but now Solana, BNB, and XRP are entering the mix.

A recent report shows that public companies already hold 3.44 million ￰16￱ trend is led by Upexi, which recently secured a $500 million credit line to expand its holdings, after losing 60% of its share value in ￰17￱ shows clearly that crypto treasuries are no longer a single-asset ￰18￱ are building balanced portfolios across multiple blockchains.