Galaxy Digital, Jump Crypto and Multicoin Capital are reportedly raising $1 billion to build a dedicated Solana treasury, creating the largest corporate SOL reserve. The plan, with Cantor Fitzgerald as lead banker and Solana Foundation endorsement, would centralize significant SOL holdings to support network recovery and staking strategies.
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Largest proposed Solana treasury:
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Galaxy, Jump and Multicoin aim to raise $1 billion to buy SOL and form a corporate treasury.
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Proposed reserve would more than double the current largest Solana holdings and add liquidity and staking yield to the network.
Solana treasury: Galaxy, Jump & Multicoin aim to raise $1B to build the largest SOL reserve — read details, timeline and market impact. Learn more.
Crypto giants Galaxy Digital, Multicoin Capital and Jump Crypto are working to raise $1 billion to create a Solana (SOL) corporate treasury, with Cantor Fitzgerald as lead banker and reported backing from the Solana Foundation.
What is the proposed Solana treasury and who is behind it?
The proposed Solana treasury is a planned $1 billion reserve led by Galaxy Digital, Jump Crypto and Multicoin Capital to accumulate SOL as a corporate treasury asset. Cantor Fitzgerald is reported as lead banker and the effort is said to have the Solana Foundation’s endorsement, aiming to support network liquidity and staking yield.
How would the $1 billion Solana treasury be structured?
The plan reportedly involves acquiring or taking over a publicly traded vehicle to convert it into a digital asset treasury company focused on Solana. This structure would centralize SOL holdings under a corporate entity, enable staking strategies, and provide governance and capital allocation flexibility while maintaining regulatory and reporting frameworks.
Why does a large SOL reserve matter for the network?
Front-loading liquidity and staking capacity, a large Solana treasury can stabilize markets, support developer grants, and bolster on-chain services. Corporate reserves create predictable demand for SOL and increase the protocol’s available staked supply, which may enhance security and network economics without speculating on short-term price moves.
How big are existing Solana corporate reserves today?
Current large Solana holders include Upexi, reporting over 2 million SOL, and the DeFi Development Corporation with around 1.29 million SOL. At recent market prices, these holdings translate to several hundred million dollars, while the proposed $1 billion reserve by Galaxy, Jump and Multicoin would exceed these existing corporate treasuries combined.
| Entity | Approx. SOL Holdings | Estimated USD Value | Notes |
|---|---|---|---|
| Proposed Galaxy/Jump/Multicoin | ~5,000,000 SOL (target) | ~$1,000,000,000 (target) | Planned corporate treasury via public vehicle; Cantor Fitzgerald lead banker |
| Upexi | >2,000,000 SOL | ~$400,000,000 | Largest current disclosed corporate holder; staking and locked discounts |
| DeFi Development Corporation | ~1,290,000 SOL | ~$240,000,000 | Second-largest disclosed corporate holder |
When did reports about the $1 billion Solana reserve surface?
Reports emerged in late August 2025 citing anonymous sources and financial media. Bloomberg reported the effort and named Cantor Fitzgerald as the lead banker. CoinGecko data places SOL among the top tokens by market capitalization during the same period. Cointelegraph sought comment from Galaxy Digital but had not received a response at publication.
How could the reserve impact SOL market dynamics?
A $1 billion corporate treasury would increase institutional demand for SOL and could reduce circulating supply available on open markets. The reserve could be used for staking, grants, and liquidity provisioning, which may support protocol activity. The ultimate market impact depends on deployment strategies, lock-up terms, and disclosure policies.
Frequently Asked Questions
Will the $1 billion Solana treasury be publicly traded?
Reports indicate the plan may involve taking over a publicly traded entity and converting it into a digital asset treasury company focused on SOL, enabling regulated capital flows and investor transparency.
Who is organizing the Solana reserve?
Galaxy Digital, Jump Crypto and Multicoin Capital are named as principal organizers, with Cantor Fitzgerald reported as lead banker and the Solana Foundation said to have endorsed the initiative.
What are the main uses for a corporate SOL reserve?
Corporate SOL reserves typically support staking yield generation, developer grants, liquidity provisioning, long-term balance-sheet allocation, and strategic network support without speculative trading.
Key Takeaways
- Major move: Galaxy, Jump and Multicoin aim to raise $1B to build the largest Solana treasury.
- Market effect: The reserve could materially increase institutional demand for SOL and bolster staking and network projects.
- Structure: Plan reportedly involves a public company vehicle with Cantor Fitzgerald as lead banker and Solana Foundation endorsement.
Conclusion
The proposed Solana treasury backed by Galaxy Digital, Jump Crypto and Multicoin Capital represents a significant corporate allocation to SOL that could reshape liquidity and staking dynamics. With Cantor Fitzgerald reportedly advising and the Solana Foundation’s endorsement, the plan merits close monitoring as details about timing, structure and disclosure emerge. Stay updated for official filings and announcements.
