Why Kyle Samani’s $1 Billion Solana Treasury Could Redefine Crypto Powerhouses Forever—Backed by Giants You Didn’t See Coming
What happens when you combine one of crypto’s sharpest minds with a billion-dollar bet on Solana? Well, the answer might just be a game-changing digital asset trust that’s about to shake up the scene. Kyle Samani, co-founder of Multicoin Capital, is poised to chair a massive $1 billion Solana treasury, backed by investment heavyweights like Galaxy and Jump Trading. This isn’t your run-of-the-mill fund; it promises to eclipse existing Solana holdings, making it the largest treasury to date—more than doubling Upexi’s previous $400 million mark. The move comes via a takeover of a public company, a strategic play that could rewrite the rules for how big digital asset treasuries operate. Curious about why this matters and what it means for SOL’s future? Let’s dive into this landmark development.
The planned vehicle would be created via a public company takeover and could become the largest Solana treasury to date.
Photo: Forbes
Key Takeaways
- Multicoin’s Kyle Samani is expected to chair a $1B Solana treasury backed by Galaxy and Jump.
- The fund would surpass Upexi’s $400M NAV, making it the largest Solana treasury so far.
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Kyle Samani is expected to become chairman of a Solana-focused digital asset trust backed by Multicoin, Galaxy, and Jump Trading, according to a Blockworks report.
The firm would be formed via a takeover of a publicly traded entity, though the deal has not yet closed. A $1 billion raise would more than double Upexi’s $400 million Solana holdings, making it the largest SOL treasury to date.
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