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Aug 25, 2025, 9:00 a.m.
- The three crypto firms have joined hands and have hired Cantor Fitzgerald as the lead banker, the report said.
- They plan to buy out a listed firm and create a digital asset treasury company, the report added.
- The combined firm will take on the Toronto-listed SOL Strategies, which recently has filed for a Nasdaq-listing.
Galaxy Digital, Multicoin Capital and Jump Crypto are looking to raise $1 billion to build a treasury dedicated to Solana’s SOL (SOL), Bloomberg reported on Monday.
The three crypto firms have joined hands and have hired Cantor Fitzgerald as the lead banker, the report said, citing people familiar with the matter. They plan to buy out a listed firm and create a digital asset treasury company, the report added.
STORY CONTINUES BELOW
Digital asset treasuries have become all the rage recently, with many firms copying the strategy popularized by Michael Saylor’s bitcoin BTC$111,767.72 holding firm Strategy (MSTR).
At press time, Galaxy, Multicoin and Jump did not immediately respond to CoinDesk’s request for comment
The deal is expected to close in early September and has gotten the green light from the Solana Foundation, the report noted.
The combined firm will take on the Toronto-listed SOL Strategies, which recently has filed for a Nasdaq-listing.
Read more: SOL Strategies Files to List on Nasdaq
Parikshit Mishra is CoinDesk’s Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
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By Aoyon Ashraf|Edited by Cheyenne Ligon
Aug 23, 2025
Despite a global investment slowdown, Canadian investors pumped $1.62 billion into fintech companies in the first half of the year — a trend KPMG expects to continue.
What to know:
- Canadian fintech companies raised $1.62 billion in the first half of 2025, with significant investments in digital assets and AI startups.
- Despite a global slowdown, Canadian investors continue to support fintech ventures, particularly those focused on blockchain and AI-driven financial tools.
- The report indicates a strong second half of 2025 for fintech investments, driven by U.S. regulatory support and the adoption of AI solutions.
