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Longer joint forces to build a giant SOL treasury, with Asian strategic partners joining to support the Solana ecosystem.
[Block Rhythm] On August 27, it was reported that a new SOL treasury company “Solana Co” led by an investment firm will be launched in collaboration with two Asian strategic partners. One of the partners was established in 2017 and is one of the earliest licensed financial institutions in Asia to engage in digital asset investment. The other is a new investment group founded by Li Lin, focusing on investments in financial innovation and cutting-edge technology, with operations in the United States, the United Kingdom, Japan, Singapore, and Hong Kong.
According to yesterday’s report, a certain cryptocurrency fund is seeking to raise up to $1.25 billion to transform a publicly listed company into a Solana investment firm. Several financial institutions are in talks with potential investors, planning to raise approximately $1 billion for a significant acquisition of SOL, which would become the largest treasury focused on this digital asset to date.