Digital asset firms Galaxy Digital, Multicoin Capital and Soar Crypto are reportedly working to boost $1 billion to purchase Solana.
A Bloomberg report citing nameless sources stated on Monday that the three firms need to type the biggest treasury devoted to Solana (SOL). It added that the three firms have tapped Cantor Fitzgerald as lead banker.
The plan reportedly entails taking on a publicly traded entity to create a digital asset treasury firm centered on SOL. Bloomberg stated that the Solana Basis has endorsed the efforts of the three firms, backing the treasury transfer.
Associated: BlackRock launching a SOL ETF in first wave can be ‘tousled’ — Analyst
SOL stays the sixth-largest token by market capitalization, in keeping with CoinGecko. It at present trades at virtually $200, up 6.6% within the final 30 days.
Cointelegraph reached out to Galaxy Digital for feedback however had not acquired a response by publication.
This can be a growing story, and additional info might be added because it turns into out there.
