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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