Solana Power Play: Galaxy, Jump Crypto, Multicoin Behind New $1.6 Billion Treasury Strategy
September 9, 2025 · 2:00 AM
Solana (SOL) saw a 6% price increase following the announcement of a new initiative involving Galaxy Digital, Jump Crypto, and Multicoin Capital to establish a Solana treasury with a $1.65 billion private investment in public equity (PIPE) offering. This initiative, led by Forward Industries, aims to enhance on-chain returns and shareholder value through active participation in Solana's growth.
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