TLDR
- Galaxy Digital, Multicoin Capital, and Jump Crypto are planning to raise $1 billion for the largest-ever Solana corporate treasury
- The move would more than double the current largest SOL holder’s position and has backing from the Solana Foundation
- SOL price dropped 3% below $200 but analysts predict rallies to $222 and potentially $360
- Solana leads all Layer 1 and Layer 2 blockchains in network revenue for 23 consecutive weeks
- Multiple public companies are adopting Solana treasury strategies with hundreds of millions in planned purchases
Three major crypto investment firms are preparing to create the largest corporate Solana treasury in history. Galaxy Digital, Multicoin Capital, and Jump Crypto plan to raise $1 billion for this purpose.
Galaxy Digital, Multicoin & Jump look to Raise $1B for Solana Treasury Company: Bloomberg pic.twitter.com/5YZqNElv8M
— matthew sigel, recovering CFA (@matthew_sigel) August 25, 2025
The initiative has support from the Solana Foundation and Cantor Fitzgerald as the lead banker. The project aims for completion by September 2025.
This treasury would dwarf existing corporate SOL holdings by a wide margin. Currently, Upexi holds the largest position with over 2 million SOL tokens worth approximately $400 million.
The firms plan to take over a publicly traded entity to establish the digital asset treasury company. This approach would focus solely on Solana holdings.
Market Position and Performance
Solana currently ranks as the sixth-largest cryptocurrency by market capitalization. SOL traded near $198 at recent reporting, down 3% in 24 hours but up 8% over the past week.
The token hit a 24-hour high of $213.02 and a low of $195.39. Trading volume increased 88% in the last 24 hours, showing strong trader interest.
Technical analysis suggests potential upside momentum. The price remains above key moving averages including the 50-day, 100-day, and 200-day simple moving averages.
Analyst Ali Martinez predicts SOL could reach $222 if it breaks above $211 resistance. He suggests holding positions until the token reaches $360.
$222 becomes a magnet if Solana $SOL breaks past $211! pic.twitter.com/8vZwCrnfq0
— Ali (@ali_charts) August 25, 2025
The $200 level serves as key support, while $211 represents the main resistance traders are watching. Some analysts recommend buying opportunities below $195 in the Fibonacci golden zone.
Network Revenue Leadership
Solana continues to dominate blockchain network revenue metrics. The network recorded $15.95 million in revenue for the 23rd consecutive week, leading all Layer 1 and Layer 2 blockchains.
This revenue leadership reinforces institutional confidence in the Solana ecosystem. The consistent performance over nearly six months demonstrates network stability and growth.
Other public companies are following similar treasury strategies. Sharps Technology announced a $400 million private placement to establish its own large Solana treasury.
The company also signed a deal with the Solana Foundation to purchase $50 million worth of SOL at a discount rate. DeFi Development Corporation and Sol Strategies have adopted similar reserve plans.
Even Bitcoin mining company Bit Mining shifted focus to Solana, announcing plans to raise up to $300 million for its own SOL reserve. This trend shows growing institutional adoption across different sectors.
Derivative market data shows mixed sentiment among futures traders. Total SOL futures open interest dropped 2% to $12.48 billion in 24 hours.
Futures positions on CME and Binance declined 4% and 7% respectively. Despite this, the underlying fundamentals remain strong with continued network revenue leadership.
The Relative Strength Index dropped to 56, suggesting potential for upside movement. A recent golden cross pattern formation in daily charts supports further rally prospects.
Galaxy Digital, Multicoin Capital, and Jump Crypto target completion of their $1 billion Solana treasury by September 2025.
