Solana News Today: Galaxy Digital and Top Firms to Raise $1 Billion for Publicly Traded Solana Treasury Vehicle

Professional investors Galaxy Digital, Multicoin Capital, and Jump Crypto are preparing to raise $1 billion to launch a publicly traded Solana (SOL) treasury vehicle, positioning it as the largest of its kind in the cryptocurrency market [1]. The initiative involves acquiring and restructuring a publicly traded company to serve as a vehicle for holding and managing a substantial amount of Solana tokens [2]. The deal, led by Cantor Fitzgerald LP as lead banker, is expected to be finalized by early September 2025 [3].

This move underscores the rising institutional interest in Solana and highlights the increasing acceptance of blockchain-based assets within traditional financial systems. The Solana Foundation, a key nonprofit supporting the Solana network, is reported to be backing the initiative, offering further institutional credibility to the project [4]. The structure of the proposed treasury is expected to function similarly to publicly traded cryptocurrency proxies, enabling traditional investors to gain exposure to Solana without directly purchasing the digital asset [5].

The proposed $1 billion fund is anticipated to reduce the circulating supply of Solana tokens in the open market, which could drive demand and encourage further development within the Solana ecosystem [6]. Analysts note that such institutional activity could reflect the bullish momentum observed in 2024 and early 2025, when Solana reached an all-time high of $295 [7]. Currently, the token is trading around the $200 level, reflecting the market’s volatility [8].

By creating a liquid and publicly traded vehicle for Solana, the initiative aligns with broader trends in the crypto space, where institutional players are increasingly looking for ways to integrate digital assets into traditional finance. The involvement of major players such as Galaxy, Multicoin, and Jump Crypto highlights Solana’s potential as a key platform in the decentralized finance (DeFi) sector [9]. As the project moves toward completion, the crypto community will closely watch its development, which may reshape the way institutional investors view and allocate capital in digital assets.

Source:

[1] AInvest. (2025, August 24). Solana News Today: Galaxy Digital and Top Crypto Firms Target $1 Billion Solana Treasury Fund. https://www.ainvest.com/news/solana-news-today-galaxy-digital-top-crypto-firms-target-1-billion-solana-treasury-fund-2508/

[2] Cointelegraph. (2025, August 10). Galaxy Digital, Multicoin Capital and Jump Crypto plan $1B Solana fund. https://cointelegraph.com/news/galaxy-digital-multicoin-jump-crypto-1b-solana-treasury

[3] Coin Edition. (2025, August 17). A $1B Solana Treasury in the Works From Crypto Giants. https://coinedition.com/galaxy-multicoin-and-jump-crypto-plan-1b-vehicle-for-a-publicly-traded-solana-treasury/

[5] Blocmates. (2025, August 10). $1 Billion Bet: Galaxy, Jump, and Multicoin Team Up to. https://www.blocmates.com/news-posts/1-billion-bet-galaxy-jump-and-multicoin-team-up-to-hoard-solana

[6] MEXC. (2025, August 16). Galaxy Digital, Jump, and Multicoin to Build Solana Treasury. https://www.mexc.com/en-GB/news/just-in-galaxy-digital-jump-and-multicoin-target-1b-raise-to-build-solana-treasury/72954