Galaxy Digital, Multicoin, Jump Crypto Plans to Raise $1 Billion for Acquisition SolanaThe firms have already tapped Cantor Fitzgerald as their lead bank, Bloomberg reported.
Once Galaxy Digital, Multicoin, Jump Crypto succeed in their plan to create Solana-treasury, it will more than double the size of the existing SOL balance, which Upexi owns. It currently owns 2 million tokens worth almost $400 million.
Another major corporate holder Solana Development Corporation DeFi reported in early August that it had increased its assets to SOL 1,29 million, valued at $240 million at the time of writing. That made the company the second-largest holder of treasury Solana.
Bitcoin-miner Bit Mining also recently announced a strategic transition to SolanaOn July 10, the company announced that it plans to raise between $200 million and $300 million to create a reserve in the altcoin.
SOL remains the sixth-largest token by market cap, according to CoinGecko. It currently trades at nearly $200, up 6,6% over the past 30 days.