Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly planning to raise one billion dollars for the purchase of Solana (SOL), according to Bloomberg.
Purchase Plan for Solana
As reported by Bloomberg on August 28, 2025, Galaxy Digital, Jump Crypto, and Multicoin Capital are attempting to raise one billion dollars for the acquisition of Solana (SOL). While no official confirmations have been provided by the companies, this could signal renewed interest in the Solana ecosystem. Kyle Samani, co-founder of Multicoin Capital, stated, "We are thrilled to support Solana as it solves fundamental limitations in blockchain scalability."
Market and Potential Consequences
If the fundraising is successful, it could lead to an increase in Solana's value and liquidity. Previous investments have shown similar effects, leading to price surges and increased total value locked (TVL) within projects. Currently, Solana is priced at $202.03 with a market cap of $109.18 billion. Trading volume has surged by 75.86% in the past 24 hours, despite a 2.73% daily price decline.
Community Reaction and Comments
The cryptocurrency community is actively discussing these developments across platforms like Reddit and Twitter. In the absence of public statements from Galaxy, Jump, or Multicoin, community members are questioning the accuracy of these reports. Potential ramifications of large-scale investments could also attract regulatory scrutiny, prompting authorities to review market impacts.
The billion-dollar purchase plan for Solana could significantly affect the SOL market, although the reality and implications of this plan remain uncertain.
