Galaxy Digital, Bounce Crypto and Multicoin Capital are in talks with potential backers to boost about $1 billion for the acquisition of Solana’s SOL token, folks conversant in the discussions mentioned
Galaxy Digital, Bounce Crypto and Multicoin Capital are in talks with potential backers to boost about $1 billion for the acquisition of Solana’s SOL token, folks conversant in the discussions mentioned. The deliberate fund would symbolize the biggest treasury dedicated to the asset and underscores resurgent institutional curiosity within the Solana ecosystem.
The trio has appointed Cantor Fitzgerald LP as lead banker and goals to amass Toronto-listed SOL Methods, then relist the car on Nasdaq as a Solana-focused treasury firm, in accordance with the report. The transaction has acquired approval from the Solana Basis and will shut in early September.
The initiative follows a broader transfer by digital-asset buyers to create single-token treasuries, mirroring the buildup technique popularized by Michael Saylor’s MicroStrategy for bitcoin. A profitable increase would give Galaxy, Bounce and Multicoin a large place in Solana at a time when the blockchain is positioning itself as a number one various to Ethereum.
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