Galaxy Digital, Multicoin Capital and Jump Crypto are looking to raise $1 billion to build a Treasury Ministry dedicated to Sol (SOL) in Solana on Monday.
Three crypto companies joined forces to hire Canter Fitzgerald as the lead banker, the report said, citing people familiar with the issue. They will buy listed companies and create digital asset financing companies, the report added.
The Ministry of Treasury of Digital Assets has been a huge hit recently, with many companies copying Michael Saylor’s strategy being popularized by Bitcoin BTC$111,281.21 Holding Company Strategy (MSTR).
During pressing, Galaxy, Multicoin and Jump did not respond immediately to Coindesk’s request for comment
The deal is expected to end in early September and has received a green light from the Solana Foundation, the report said.
The combined company will undertake the Toronto listing SOL strategy that recently filed for listing for NASDAQ.
Read more: Sol Strategies Files Listed on Nasdaq
