Galaxy Digital, Multicoin Capital and Jump Crypto are looking to collect $ 1 billion to build a treasury dedicated to Solana’s sun (Sun)Reported Bloomberg Monday.
The three crypto companies have joined forces and have hired Cantor Fitzgerald as a main banker, says the report, referring to people who are familiar with the case. They plan to buy a listed company and create a digital asset treasury company, the report added.
Digital asset boxes have become all rage recently where many companies copy the strategy popularized by Michael Saylor’s Bitcoin Keeps fixed strategy (Mstr).
At the time of press, Galaxy, Multicoin and Jump did not immediately respond to Coindesk’s request for comment
The deal is expected to close in early September and has received the green light from the Solana Foundation, the report noted.
The combined company will take on the Toronto-Listed Sol strategies that have recently requested a NASDAQ listing.
Read more: SOL strategies -files to list on Nasdaq
