Move aims to create the largest corporate SOL reserve amid growing institutional interest
Three major crypto investment firms—Galaxy Digital, Multicoin Capital, and Jump Crypto—are reportedly collaborating to raise $1 billion for a Solana-focused treasury. According to industry sources, the firms have appointed Cantor Fitzgerald as the lead banker for the initiative.
Goal: Largest Solana Treasury in History
The plan involves forming a digital asset treasury company through a public entity takeover, with a dedicated focus on accumulating Solana (SOL). The Solana Foundation has reportedly endorsed the move, signaling strong institutional backing for the blockchain network.
Currently, SOL trades near $199, maintaining its position as the sixth-largest cryptocurrency by market capitalization. Over the past 30 days, Solana has gained 6.6%, continuing its strong recovery trajectory following the collapse of FTX.
How This $1B Plan Compares to Existing SOL Treasuries
If successful, this $1 billion reserve would more than double the size of the largest existing Solana corporate treasury. Currently, Upexi, a supply chain management firm, holds the top spot with over 2 million SOL (valued at around $400 million). Another major holder, the DeFi Development Corporation, owns 1.29 million SOL, worth approximately $240 million.
The proposed fund would dwarf recent corporate moves, such as Bit Mining’s plan to raise $200–$300 million for a Solana reserve. Experts believe this move could boost Solana’s institutional adoption and strengthen its market position as a leading Layer-1 blockchain.
Analyst Insights on Institutional Interest in Solana
Industry analysts see this as a strategic push for diversification in the digital asset space. “A $1 billion Solana fund signals deep confidence in the network’s scalability and long-term utility,” said one blockchain strategist.
If executed, this effort by Galaxy Digital, Multicoin, and Jump Crypto would create the largest Solana treasury in existence, marking a major milestone in institutional adoption of alternative Layer-1 ecosystems.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.