Galaxy Digital, Multicoin, and Jump Crypto are in talks to raise $1 billion for the acquisition of Solana. According to Bloomberg, Galaxy Digital, Multicoin Capital, and Jump Crypto are seeking investors to provide $1 billion for the acquisition of Solana (SOL). It was reported on Monday that the companies have selected Cantor Fitzgerald LP as the lead bank for the transaction.

As companies increasingly explore the establishment of corporate crypto treasuries centered around major assets such as Bitcoin, Ethereum, Solana, and BNB, this effort has emerged.
According to reports, like their peers, Galaxy Digital, Multicoin Capital, and Jump Crypto plan to establish digital asset funding tools through the acquisition of publicly listed companies.
So far, Upexi, Defi Dev, and Sol Strategies have become the largest liquidity pool entities on Solana, with Upexi, backed by Arthur Hayes, leading the way, holding over 2 million SOL, worth more than 390 million dollars. The liquidity pool supported by Galaxy will be more than twice the size of the existing largest reserve pool on Solana.
The transaction is expected to be completed in early September. It has been reported that the Solana Foundation has supported the initiative.
Multicoin Capital is a key early investor in Solana. This cryptocurrency-focused venture capital firm led Solana's $20 million Series A funding round in 2019, providing capital for Solana's early development.
Galaxy Digital and Jump Crypto have also established a deep connection with Solana through various initiatives.