"A New Solana Reserve Company to Launch This September"

Son Min

Summary

Galaxy Digital, Jump Crypto, and Multicoin Capital reportedly plan to jointly establish a Solana reserve company.
They are acquiring a listed company and aiming to raise around $1 billion in investment, with the deal expected to be completed in early September.
Analysts noted that large-scale capital inflows and institutional participation could positively impact Solana's price and ecosystem expansion.

A new Solana (SOL) reserve company is expected to emerge.

According to The Block on the 25th (local time), Galaxy Digital, Jump Crypto, and Multicoin Capital plan to jointly establish a 'Solana reserve company.' The approach involves acquiring a listed company and converting it into a reserve company. To this end, they are reportedly preparing to raise investments totaling around $1 billion.

The transaction is expected to be finalized in early September. Cantor Fitzgerald LP is serving as the deal advisor.

Notably, the Solana Foundation is also reportedly supporting this plan, drawing increased attention.

Nick Luck, an analyst at LVRG Research, stated, "Large-scale capital inflows are anticipated, which could place upward pressure on Solana's price," adding, "Investments from reputable institutions will also have a positive impact on ecosystem expansion and increased developer activity."

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