Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to establish a new fund based on Solana with the aim of accumulating around $1 billion. To implement this initiative, the companies plan to acquire a public company that will serve as a platform for centralized storage of Solana.
This is reported by Business • Media
Centralization of Solana Assets and the Role of Cantor Fitzgerald Bank
Investment bank Cantor Fitzgerald has been engaged to support the deal. According to preliminary agreements, this transaction could become the largest example of centralized accumulation of Solana assets — the volumes will exceed the reserves of other similar projects by more than double.
“The non-profit organization Solana Foundation has approved this initiative, sources claim.”
The Situation in the Solana Market and Previous Investments
Currently, the Solana token is trading around the $199 mark. This indicates significant interest in the asset from institutional investors and the positive impact of large-scale initiatives on market capitalization.
It is worth noting that in June 2025, Classover announced its intention to purchase Solana coins worth $500 million to form its own crypto reserve.