Kyle Samani set to chair $1B Solana treasury backed by Multicoin, Galaxy, and Jump

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Estefano Gomez

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Sep. 5, 2025

The planned vehicle would be created via a public company takeover and could become the largest Solana treasury to date.

Kyle Samani set to chair $1B Solana treasury backed by Multicoin, Galaxy, and Jump

Photo: Forbes

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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.

Close-up view of modern orange chairs around a conference table in an office setting. — Photo: Jakub Zerdzicki / Pexels

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.