New Solana Treasury Structure Unveiled: Multicoin to Manage $1B Investment

Kyle Samani, managing partner of cryptocurrency fund Multicoin Capital, is set to lead a new digital asset treasury firm specializing in Solana, according to sources familiar with the plans. This initiative, expected to launch under the name Solana Digital Asset Treasury (DAT), will acquire an estimated $1 billion investment from Multicoin alongside partners Galaxy Digital and Jump Crypto. The exact structure remains under development but likely involves acquiring a public company.