Galaxy, Jump & Multicoin Raise $1B for Solana Treasury
Galaxy Digital, Jump Crypto and Multicoin Capital dey plan to raise $1 billion to set up di biggest Solana treasury. Dem don appoint Cantor Fitzgerald as lead banker and dem wan buy public company to form dedicated digital asset treasury wey Solana Foundation dey support. If dem finish am by early September, dis corporate SOL reserve go more than double di current holdings like Upexi’s 2 million SOL and DeFi Development Corp’s 1.29 million SOL. Galaxy Trading don already raise $620 million to buy SOL from FTX estate. Experts talk say $1 billion Solana treasury fit boost SOL credibility, drive demand and price support, plus show say institutional confidence for structured digital asset holdings dey grow.
Bullish
One $1 billion Solana treasury wey major companies plus Solana Foundation dey support, e dey boost institutional kpata kpata. Dis kind structured crypto treasury fit make SOL demand and price support grow short term. For long term, if corporate SOL holdings double, e go put standard for how dem go dey allocate digital assets, e go still attract more institutional money and keep market stable.