Galaxy Digital, Multicoin Capital, and Jump Crypto are collaborating to acquire $1 billion worth of Solana (SOL), potentially establishing the largest corporate treasury dedicated to the token. The plan involves acquiring a publicly traded company to transform it into a digital asset treasury vehicle, with Cantor Fitzgerald acting as the lead banker. This initiative has reportedly garnered support from the Solana Foundation and is expected to finalize in early September 2025. Furthermore, Sharps Technology has announced an over-$400 million private placement aiming to create its own Solana-focused treasury strategy, involving purchases from the open market and directly from the Solana Foundation at a discount. Investors in this placement include notable digital asset institutions. The combined efforts of both initiatives could represent a $1.4 billion inflow into Solana markets, substantially exceeding existing treasuries held by companies like Upexi and DeFi Development Corporation.

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