Update August 25, 9:01 UTC: This article has been updated to add more details about the current largest corporate Sol Treasuries.
Digital Asset Companies Galaxy Digital, Multicoin Capital and Jump Crypto are supposedly working on collecting $ 1 billion for the purchase of Solana.
The Bloomberg report refers to anonymous sources he said On Monday, three companies want to create the largest treasury dedicated to Solan (SOL). He added that three companies used Cantor Fitzgerald as the main banker.
Apparently, the plan is to take over the stock exchange entity in order to create a digital tax company that focuses on Sol. Bloomberg said that the Solana Foundation supported the efforts of three companies by supporting the tax movement.
According to Coingecko, Sol remains the sixth largest market capitalization token. Currently, almost USD 200 is trading, which is an boost of 6.6% in the last 30 days.
Cointelegraph contacted Galaxy Digital for comments, but did not receive a response by the publication.
Related: Blackrock introducing ETF SOL in First Wave would be “mixed up” – an analyst
Galaxy, Skok and Multicin to create the largest SOL reserve
Solana Stash, a combined $ 1 billion, would be more than twice as gigantic as the largest existing Solan reserve, adding a shoot to recover the network after FTX.
At the time of writing, the greatest Solan treasurer belongs to Upexi, a supply chain management brand. August 5 Upexi announced That his Sol resources exceeded $ 2 million with a value of about $ 400 million at current market prices.
Upexi said it generates additional value for stakeholders by recognizing and discounted blocked Solana tokens.
In addition, Corporation DEFI Development said on August 4 that she increased its salted shares to $ 1.29 million with a value of $ 240 million at the time of writing. This means that the company is the current second largest corporate owner of Solana tokens.
Bitcoin Mining Bit Mining has recently announced a strategic change to Solan. On July 10, the company said that it plans to raise between $ 200 to $ 300 million to build the Solana token reserve.
While many companies jump into Sol as corporate tax assets, 1 billion dollars push from the galaxy, jump and multiple would outweigh these efforts. If they are implemented, three companies would create the largest corporate tax reserve.
Warehouse: Solana Seeker Review: Is it worth this phone worth USD 500?
