A landmark initiative, spearheaded by Multicoin Capital, Galaxy Digital, and Jump Crypto, aims to launch a Solana digital asset treasury (DAT) with an ambitious $1 billion fundraising target. This bold move from industry giants could significantly reshape the cryptocurrency landscape. Kyle Samani, Managing Partner at Multicoin Capital, is expected to chair the newly formed company, representing strong institutional confidence in the future of Solana. 🤝 💻 This initiative mirrors Bitcoin’s MicroStrategy model, where corporations invest heavily in Bitcoin to decrease supply and boost value. With Galaxy and Jump Crypto on board, a substantial portion of SOL could be locked up, potentially driving price appreciation and attracting institutional capital. This move is backed by the Solana Foundation’s endorsement and strengthens the blockchain’s position as a reserve asset for TradFi adoption.