Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly in the process of raising $1 billion to establish a treasury dedicated to Solana, with Cantor Fitzgerald acting as their lead banker. According to a Bloomberg report, the initiative aims to create the largest treasury for Solana, a prominent digital asset. The plan involves potentially acquiring a publicly traded entity to form a company focused on digital assets related to Solana (SOL). The Solana Foundation has supported this endeavor, making it a notable development in the blockchain ecosystem. SOL is currently the sixth-largest cryptocurrency by market capitalization, trading at nearly $200, reflecting a 6.6% increase over the past month. As the situation develops, further updates are expected.

Source 🔗