Galaxy Digital, Multicoin and Jump Crypto plan $1B Solana treasury with Cantor Fitzgerald, aiming to build the largest corporate SOL reserve.
Author: Akshat Thakur
Digital asset heavyweights Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly teaming up to raise $1 billion for a Solana treasury, a move that could reshape the network’s corporate reserves.
Solana’s token (SOL) currently trades at $197.82, up 6.6% in the last 30 days, with a market cap ranking it sixth globally. A $1B corporate treasury could add significant liquidity and institutional weight to the network, further cementing its position after recovering from the FTX collapse.
The move would create the biggest Solana treasury in existence, more than doubling the current leader, Upexi, which holds 2 million SOL (~$400M). DeFi Development Corporation follows with 1.29 million SOL (~$240M), while Bitcoin miner Bit Mining recently announced plans to raise $200–300M for its own Solana reserve.
By comparison, the proposed $1B stash by Galaxy, Jump, and Multicoin would dwarf all existing treasuries, signaling renewed confidence in Solana’s ecosystem.
While this initiative signals strong institutional backing, concerns remain:
If Galaxy, Jump, and Multicoin succeed, Solana would not only gain the largest corporate treasury in crypto outside of Bitcoin and Ethereum but also send a message to Wall Street that Solana has transitioned from a post-FTX survivor to a serious institutional-grade asset.
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