Galaxy, Jump, Multicoin Seek $1 Billion for Buying Solana

Galaxy Digital, Multicoin Capital and Jump Crypto are in talks with potential backers about raising roughly $1 billion to accumulate Solana, in what would be the largest treasury dedicated to the digital token.

The three firms have enlisted Cantor Fitzgerald LP as lead banker for the deal, said people with knowledge of the matter. They aim to create a so-called digital asset treasury company by taking over an unidentified publicly traded entity, according to the people, who requested anonymity discussing private information.