Galaxy Digital, Jump Trading, Multicoin Capital in Talks for $1B Solana Token Purchase

If completed, the deal would represent one of the largest institutional bets on Solana to date, further positioning the blockchain as a top contender in the digital asset market.

Bloomberg reported that the firms are exploring a coordinated acquisition aimed at strengthening exposure to Solana’s ecosystem. The move underscores growing institutional appetite for alternative blockchains beyond Bitcoin and Ethereum, despite heightened regulatory pressure on the sector in the United States.

Galaxy Digital, Multicoin Capital and Jump Crypto are in talks with potential backers about raising roughly $1 billion to accumulate Solana, in what would be the largest treasury dedicated to the digital token

— Bloomberg (@business) August 25, 2025

A purchase of this magnitude could have major implications for SOL’s market dynamics. Large-scale institutional inflows historically drive sharp price appreciation, with analysts pointing to Ethereum’s rallies during past accumulation phases. Traders are already monitoring key technical levels, with resistance around $260 and support between $100–$120. A confirmed deal could also lift daily trading volumes well above the $5 billion mark.

The timing is notable as Solana continues to recover from earlier network congestion issues while attracting developers across decentralized finance (DeFi) and NFTs. Institutional capital would likely reinforce confidence in its long-term viability, providing momentum for new projects and applications built on the network. Market observers also link the reported move to a broader trend of institutional re-entry into crypto, despite what some industry voices describe as “Operation Chokepoint 3.0,” where banks and regulators have allegedly tightened access to financial services for crypto firms.

While the negotiations have not been finalized, Bloomberg’s report has already fueled anticipation in trading circles, signaling that Solana remains a key asset on the radar of major funds.

In a separate development, Galaxy Digital transferred 17,123 Bitcoin valued at roughly $1.98 billion to centralized exchanges within 12 hours, according to blockchain analytics firm Lookonchain. More than 10,000 BTC were moved in a single tranche, sparking concerns of mounting sell pressure across the market.