Solana To Follow Bitcoin, Ethereum With $1 Billion Raise By These Three Crypto Firms
Posted On August 25, 2025
Galaxy Digital (NASDAQ:GLXY), Multicoin Capital, and Jump Crypto are in discussions with investors to raise approximately $1 billion for a Solana (CRYPTO: SOL)-focused treasury vehicle.
What Happened: The initiative, which would become the largest dedicated reserve for the token, is being structured with Cantor Fitzgerald LP as lead banker, Bloomberg reported, quoting sources.
The three firms intend to form a digital asset treasury company by acquiring a yet-unnamed publicly traded entity, the sources said.
If finalized, the move would combine heavyweight players in crypto, creating a reserve more than twice as large as any existing Solana-focused pool.
Solana, currently the sixth-largest cryptocurrency by market capitalization, …
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