In a move that could greatly boost trust in the crypto market, major players like Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly working together to build a large $1B Solana ($SOL) treasury.
This plan has the green light from the Solana Foundation and is set to become the largest fund of its kind. The firms have brought on Cantor Fitzgerald to lead the deal, aiming to complete it by September. This considerable investment shows a strong belief in Solana’s future, treating it as a valuable asset for corporate treasuries, much like Bitcoin. The new fund would dwarf the holdings of Sharps Technology , which currently holds the largest $SOL treasury with its own $400M plan.
This push from institutions comes as Solana continues to demonstrate its strength, leading all maj