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Galaxy, Multicoin, Jump Plot $1B Solana Treasury Fund: Bloomberg

Not content to let ETH grab headlines over Solana, 3 major funds are reportedly raising the largest reserve of its kind for SOL.
Galaxy, Multicoin, Jump Plot $1B Solana Treasury Fund: Bloomberg
Bankless Bankless
Aug 25, 2025 • 1 min read
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Three of crypto’s biggest players—Galaxy Digital, Jump Crypto, and Multicoin Capital—are said to be raising a $1 billion treasury fund to buy and hold Solana, Bloomberg reports.

What’s the Scoop?

  • The fund: Endorsed by the Solana Solana Foundation and corralled by lead banker Cantor Fitzgerald, the deal involves acquiring a publicly traded company to hold the assets. The move mirrors countless other DAT firms.
  • Coming soon: The deal is expected to close in early September, sources tell Bloomberg.
  • The market: Despite the news, SOL dropped more than 8% today as broader crypto markets reeled from Bitcoin's whale-triggered selloff.

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