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Galaxy Digital, Multicoin Capital and Jump Crypto are looking to rise $1 cardinal to physique a treasury dedicated to Solana's SOL (SOL), Bloomberg reported connected Monday.
The 3 crypto firms person joined hands and person hired Cantor Fitzgerald arsenic the pb banker, the study said, citing radical acquainted with the matter. They program to bargain retired a listed steadfast and make a integer plus treasury company, the study added.
Digital plus treasuries person go each the rage recently, with galore firms copying the strategy popularized by Michael Saylor's bitcoin (BTC) holding steadfast Strategy (MSTR).
At property time, Galaxy, Multicoin and Jump did not instantly respond to CoinDesk's petition for comment
The woody is expected to adjacent successful aboriginal September and has gotten the greenish airy from the Solana Foundation, the study noted.
The combined steadfast volition instrumentality connected the Toronto-listed SOL Strategies, which precocious has filed for a Nasdaq-listing.
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