Three major digital asset firms – Galaxy Digital, Multicoin Capital, and Jump Crypto – are teaming up to raise a substantial $1 billion to invest in Solana (SOL). Bloomberg reports that these companies aim to establish the largest dedicated treasury for SOL. The project involves potentially acquiring a publicly traded company, aiming to create a digital asset investment vehicle focused solely on Solana. The Solana Foundation has reportedly expressed support for this initiative. According to CoinGecko data, SOL currently holds the sixth-largest market capitalization and is experiencing a 6.6% surge in price over the past month. This venture is still under development, and further details will be added as they become available.