Three of the crypto industry’s most influential firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in talks to raise a $1 billion treasury fund dedicated to buying and holding Solana.

The effort, which has the backing of the Solana Foundation, would be the largest reserve of its kind for the digital asset, an unnamed source told Bloomberg.

The source said the group has enlisted Cantor Fitzgerald as a lead banker for the transaction, which involves acquiring an unidentified publicly traded company.

This strategy of accumulating digital assets on corporate balance sheets is similar to Michael Saylor’s approach with Strategy and Go to Source to See Full Article
Author: Akash Girimath

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