Galaxy Digital, Multicoin Capital, and Jump Crypto have announced plans to raise $1 billion for the creation of a publicly traded Solana (SOL) treasury, marking one of the largest institutional investments in the Solana ecosystem to date. The initiative, currently in advanced stages, involves acquiring and restructuring a publicly traded company to serve as a vehicle for accumulating and managing a substantial Solana treasury. Cantor Fitzgerald LP has been named as the lead banker for the transaction, which is expected to close as early as September [1].
The structure of the proposed treasury mimics traditional corporate treasuries, enabling the use of public equity capital and financing tools such as convertible bonds and private investment in public equity (PIPE) to scale Solana holdings. This approach is intended to provide a liquid proxy for Solana, allowing traditional investors who may be hesitant to hold crypto directly to gain exposure to SOL via stock. The model follows a similar strategy employed by MicroStrategy in its Bitcoin accumulation efforts [2].
The move is widely seen as a significant step toward institutionalizing Solana, reinforcing its position as a leading Layer 1 blockchain. By creating a publicly traded treasury, the firms aim to offer a regulated format for Solana exposure, potentially attracting a broader base of institutional and retail investors. Analysts suggest the initiative could reduce Solana’s circulating supply, boost market sentiment, and stimulate further ecosystem development [3].
The Solana Foundation, a nonprofit dedicated to advancing the Solana network, is reportedly supportive of the initiative, underscoring the growing institutional endorsement of the blockchain. This comes amid broader interest in Solana from global institutions, including discussions around its inclusion in the European Central Bank’s digital euro rollout [4].
If finalized, the deal is expected to become a major catalyst for Solana’s demand, with analysts projecting a return of the bullish momentum seen in 2024 and early 2025, when Solana reached an all-time high of $295. Recent price movements, with Solana trading above and then slightly below the $200 level, have been viewed as signs of potential upward movement following the announcement [5].
The planned treasury represents a strategic departure from traditional crypto investment models and could serve as a blueprint for similar initiatives across other digital assets. The involvement of three major crypto firms in the effort highlights their confidence in Solana’s long-term growth and its potential to compete with other top-tier blockchains [6].
Source:
[1] https://dailycoin.com/solana-treasury-plan-galaxy-multicoin-jump/
[2] https://cryptodnes.bg/en/galaxy-multicoin-and-jump-plan-1b-solana-treasury-vehicle/
[3] https://www.pymnts.com/cryptocurrency/2025/digital-assets-firms-seek-1-billion-dollars-largest-ever-solana-treasury/
[4] https://www.ainvest.com/news/solana-news-today-galaxy-jump-multicoin-plan-1b-solana-treasury-boost-institutional-adoption-2508/
[5] https://finance.yahoo.com/news/galaxy-jump-multicoin-eye-1b-121628302.html
[6] https://parameter.io/galaxy-digital-multicoin-capital-and-jump-crypto-plan-1-billion-solana-treasury-fund/
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