Solana News Today: Galaxy Digital Multicoin Jump Crypto Explore $1 Billion Solana Treasury Fund

Galaxy Digital (NASDAQ:GLXY), Multicoin Capital, and Jump Crypto are reportedly in early discussions with potential investors to launch a $1 billion fund focused on acquiring Solana (SOL-USD), marking what would be the largest institutional treasury ever allocated to a single cryptocurrency [1]. The initiative, which is still in its exploratory phase, is seen as a strategic effort to strengthen Solana’s liquidity and institutional appeal. The three firms plan to establish a new digital asset treasury company to manage the capital, though no publicly traded entity has been formally identified for the structure [2].

The involvement of Cantor Fitzgerald LP as the lead banker signals a level of traditional financial credibility in the project [3]. The proposed fund is expected to be a major vote of confidence in Solana’s blockchain infrastructure, particularly at a time when the network has seen growing on-chain activity and increased retail adoption. Analysts have suggested that a well-backed institutional treasury could help stabilize the token’s price and reinforce its standing in a volatile market [4].

This move is part of a broader trend where traditional financial players are deepening their engagement with blockchain technology. Galaxy Digital, as a publicly traded crypto firm, has been a vocal advocate for Solana, while Multicoin and Jump Crypto have long held significant positions in the asset. The collective interest from these firms could set a precedent for institutional investment models in the crypto space, potentially encouraging similar efforts in other blockchain ecosystems [5].

The scale of the proposed fund highlights the growing institutional recognition of Solana as a foundational layer-1 platform. With a $1 billion commitment, the initiative could influence market dynamics and signal long-term confidence in the project’s development and utility. The outcome remains speculative at this stage, but the collaboration of three major crypto-native firms with traditional banking support marks a significant development in the evolving relationship between institutional capital and blockchain innovation.

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Source:

[1] Seeking Alpha – [https://seekingalpha.com/news/4488623-galaxy-digital-multicoin-jump-crypto-reportedly-eye-1b-solana-fund](https://seekingalpha.com/news/4488623-galaxy-digital-multicoin-jump-crypto-reportedly-eye-1b-solana-fund)

[2] 99Bitcoins – [https://99bitcoins.com/news/altcoins/live-latest-crypto-updates-25-august-why-is-crypto-down-today-whale-unload-25k-bitcoins-as-ethereum-price-hits-new-ath-best-crypto-to-buy-right-now/](https://99bitcoins.com/news/altcoins/live-latest-crypto-updates-25-august-why-is-crypto-down-today-whale-unload-25k-bitcoins-as-ethereum-price-hits-new-ath-best-crypto-to-buy-right-now/)

[4] Coinpedia – [https://coinpedia.org/crypto-live-news/galaxy-multicoin-and-jump-seek-1b-to-acquire-solana/amp/](https://coinpedia.org/crypto-live-news/galaxy-multicoin-and-jump-seek-1b-to-acquire-solana/amp/)

[5] CoinDesk – [https://www.coindesk.com/latest-crypto-news](https://www.coindesk.com/latest-crypto-news)