Solana News Today: Top Crypto Firms Build $1B Solana Treasury to Boost Institutional Adoption

Leading digital asset firms Galaxy Digital, Multicoin Capital, and Jump Crypto are reported to be forming a $1 billion Solana (SOL) treasury, according to a Bloomberg report citing unnamed sources. The initiative, backed by the Solana Foundation, seeks to create the largest corporate Solana treasury by acquiring a publicly traded company to house the asset [1]. Cantor Fitzgerald, managing over $14.8 billion in assets, has been engaged as the lead banker for the effort [2].

The move comes as more companies are increasingly allocating capital to Solana, with supply chain management firm Upexi announcing that its Solana holdings had surpassed 2 million SOL, valued at approximately $400 million. DeFi Development Corp also reported holdings of 1.29 million SOL, worth around $240 million. Meanwhile, Bitcoin miner Bit Mining has begun shifting part of its strategy toward Solana, aiming to raise up to $300 million for a token reserve [3].

The proposed $1 billion Solana treasury would significantly exceed these existing holdings, potentially doubling the size of the largest corporate Solana reserves. At the time of reporting, SOL was trading near $200, having gained around 6.6% over the past 30 days [1]. Analysts have highlighted that large-scale institutional treasuries can provide stability and strengthen the value proposition of blockchain networks, particularly in the wake of major industry events like the FTX collapse [4].

Galaxy Digital has not yet responded to inquiries about the initiative, leaving questions about the fund’s structure, timeline, and the specific roles of the involved firms unresolved [2]. The lack of official comments has also limited clarity on how the treasury will be managed and whether it will include staking or yield-generating strategies.

The growing interest in Solana extends beyond treasury building, with multiple firms also pursuing the launch of a spot Solana ETF. VanEck led the effort by filing with the SEC in mid-2024, followed by 21Shares, Bitwise, Grayscale, Canary Capital, Franklin Templeton, Fidelity, and Coinshares. These applications are still under review, with a final decision expected by October 2025 [3]. Bloomberg ETF analyst Eric Balchunas and his colleague James Seyffart have predicted a 90% chance that Solana ETFs will be approved this year [4].

If approved, the introduction of a Solana ETF could further boost institutional adoption and liquidity, aligning with broader trends in the altcoin space. The proposed $1 billion Solana treasury, if executed successfully, could serve as a significant milestone in institutional confidence and long-term adoption of the blockchain. However, its success will depend on factors such as investor appetite, regulatory clarity, and continued market confidence in Solana’s performance and use cases [3].

Source:

[1] title: Galaxy Digital, Multicoin, Jump Crypto plan $1B Solana fund (url: https://cointelegraph.com/news/galaxy-digital-multicoin-jump-crypto-1b-solana-treasury)

[2] title: Galaxy Digital, Multicoin Capital, Jump Crypto Eye $1B ... (url: https://insidebitcoins.com/news/galaxy-digital-multicoin-capital-and-jump-crypto-partner-to-start-a-1b-solana-treasury-firm-bloomberg-says)

[3] title: Jump Crypto, Galaxy Digital, and Multicoin Capital Plan $1 ... (url: https://thecryptobasic.com/2025/08/25/jump-crypto-galaxy-digital-and-multicoin-capital-plan-1b-solana-treasury/)

[4] title: Is Solana Ready to Outperform Ethereum Again After ... (url: https://www.fxempire.com/forecasts/article/is-solana-ready-to-outperform-ethereum-again-after-testing-0-043-support-1543736)