Digital asset companies Galaxy Digital, Multicoin Capital, and Jump Crypto are seeking to raise $1 billion to purchase Solana, according to a Bloomberg report. The plan involves forming a digital asset treasury company focused on SOL, with the Solana Foundation endorsing the move. SOL is currently the sixth-largest token by market cap, trading at nearly $200, up 6.6% in the last 30 days. Galaxy Digital has not responded to requests for comments.

Read more at Cointelegraph: Galaxy Digital, Multicoin and Jump Seek $1B Solana Treasury With Cantor Fitzgerald