Solana News Today: Top Crypto Firms Raise $1 Billion to Buy Solana Tokens

Leading crypto investment firms Galaxy Digital, Jump Trading, and Multicoin Capital are reportedly in the process of raising up to $1 billion to purchase Solana (SOL) tokens, signaling a significant institutional interest in the blockchain network [1]. The initiative, first flagged on social media on August 25, 2025, has not yet received official confirmation from the firms, but sources close to the matter suggest that the three entities are collaborating to build what could become the largest institutional Solana treasury [2].

Solana has emerged as a key player in the crypto market due to its high transaction throughput, low-cost infrastructure, and expanding decentralized finance (DeFi) and non-fungible token (NFT) ecosystems. Mike Novogratz, CEO of Galaxy Digital, has previously noted that Solana is “one of Ethereum’s strongest competitors,” a sentiment echoed by analysts who highlight the growing traction of Solana-based projects [1].

Jump Trading and Multicoin Capital have been early-stage investors in Solana for some time, and the planned acquisition is seen as a strategic move to bolster the network’s institutional footprint. Analysts suggest that such large-scale institutional purchases often drive liquidity and price appreciation, based on past trends involving altcoins like Ethereum [2]. If the $1 billion acquisition proceeds, it could significantly reshape Solana’s market dynamics, particularly in DeFi and NFT sectors, and could be viewed as one of the most notable corporate investments for Solana in 2025 [1].

The move is also expected to influence broader market sentiment, especially as Bitcoin remains stable above $60,000. Market observers anticipate increased trading activity in Solana pairs such as SOL/USDT and SOL/BTC should the purchase be confirmed. On-chain metrics, including wallet activity and staking volumes, may serve as early indicators of institutional accumulation.

However, analysts caution that large-scale buying can lead to short-term price volatility and potential overreactions from the market [2]. While the long-term benefits include enhanced liquidity and ecosystem development, the lack of official statements from the involved firms means the news should be approached with prudence.

For now, the $1 billion acquisition attempt underscores Solana’s rising importance in institutional crypto portfolios and cements its position as a key player in the digital asset space. If executed, the move would represent a major vote of confidence in Solana’s technology and long-term potential.

Source:

[1] Bitcoin Sistemi. https://en.bitcoinsistemi.com/galaxy-digital-jump-trading-and-multicoin-capital-are-raising-funds-to-buy-this-altcoin-big-here-are-the-details/

[2] Blockchain News. https://blockchain.news/flashnews/galaxy-digital-jump-trading-and-multicoin-capital-seek-1b-to-buy-solana-sol-tokens-according-to-crypto-rover

[3] CCN.com. https://www.ccn.com/news/crypto/