Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly seeking to raise $1 billion for a Solana treasury. According to a Bloomberg report, the three companies aim to establish the largest treasury dedicated to Solana, with Cantor Fitzgerald acting as their lead banker. The strategy involves acquiring a publicly traded entity to create a digital asset treasury focused on SOL, which currently trades at nearly $200 and remains the sixth-largest token by market capitalization. The Solana Foundation has voiced its support for this initiative. Galaxy Digital has not yet commented on this matter. This story is developing, and more information will be provided as it emerges.

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