Galaxy Digital, Multicoin Capital and Jump Crypto, are looking to raise about $10 million to form a strategic Solana Reserve (Sun).
To run the business, the three companies hired Cantor Fitzgerald LP as their main banker responsible for structuring and coordinating the collection of funds.
Concrete, This Ministry of Finance will become the largest corporate owner in Solanawill increase exhibits among institutional investors and integrate their stories as preparatory assets.
As reported by Cryptootics, more than 3.5 million suns are in the hands of institutions cited in the stock market. Upexi, Defi Developments Corp, Sol Strategies and Torrent Capital concentrate most of this volume.
The initiative brings to the table an example of strategy, a company overseen by Michael Saylor, who used Bitcoin (BTC)’s aggressive accumulation strategy as a reserve asset. For this reason, businessmen have designed debt issuance mechanisms to fund BTC purchases without relying on operating income, through convertible bonds or actions.
However, in this case it is not about BTC, and it should be noted that being Sol offers the possibility of earning nearly 5% annual income (paid in the same solar cryptocurrency) through staking.
