Galaxy Digital, Jump Crypto Partner to Launch $1 Billion Solana Treasury Firm

Galaxy Digital, Jump Crypto, and Multicoin Capital are in advanced talks to launch a new billion-dollar venture focused on the Solana blockchain. The firm aims to acquire a publicly traded company, leveraging its existing market presence to create a crypto treasury vehicle. This strategic approach allows investors to gain exposure to Solana without directly buying tokens, echoing similar initiatives seen with Bitcoin’s integration into traditional finance.