Solana News Today: Institutional Bet: $1 Billion Solana Treasury Challenges Market Stability

Galaxy Digital, Multicoin Capital, and Jump Crypto are collaborating on an initiative to raise approximately $1 billion to create what would be the largest corporate treasury dedicated to

The proposed $1 billion reserve would represent a major investment in the Solana blockchain, potentially accelerating its recovery from the aftermath of the FTX collapse in 2022. At present, Upexi Inc., which shifted its focus to Solana acquisitions in April, has amassed over 2 million SOL tokens, valued at roughly $400 million [2]. Meanwhile, the DeFi Development Corporation has built a Solana treasury of 1.29 million tokens, worth approximately $240 million [3]. Additionally,

Solana remains the sixth-largest cryptocurrency by market capitalization, according to CoinGecko, with a current price of around $200. The token has risen by 6.6% over the past 30 days [3]. The proposed $1 billion investment would signal a strong vote of confidence in Solana’s blockchain infrastructure, particularly as it has become a preferred platform for memecoin issuers and decentralized finance (DeFi) applications [1]. The move aligns with a broader trend among institutional investors to add digital assets to corporate balance sheets, a shift that has been amplified by the rise of crypto treasuries [1].

However, the growing concentration of Solana in institutional portfolios has also raised concerns among market observers. Some analysts have warned that a prolonged downturn could trigger a wave of forced selling, as companies manage liquidity and balance sheets under pressure. Galaxy CEO Michael Novogratz recently commented that the trend of forming crypto treasuries may have reached its peak, with new entrants potentially struggling to secure funding [1]. Despite these risks, the continued accumulation of Solana by major players could provide upward pressure on its price, similar to the impact seen with Ether as a result of purchases by ether-focused digital asset treasuries [1].

The transaction is expected to close in early September [1]. Should it proceed, the new Solana treasury could further solidify the cryptocurrency’s position within institutional portfolios and provide a benchmark for future digital asset investments.

Source:

[1] Galaxy, Jump, Multicoin Seek $1 Billion for Buying Solana (https://www.bloomberg.com/news/articles/2025-08-25/galaxy-jump-multicoin-seek-1-billion-for-buying-solana-token)

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[3] Galaxy Digital, Multicoin Capital, and Jump Crypto team up ... (https://techfundingnews.com/galaxy-digital-multicoin-jump-crypto-1b-solana-treasury/)