---
title: "Kyle Samani set to chair $1B Solana treasury backed by Multicoin, Galaxy, and Jump"
url: https://diffcoin.com/kyle-samani-set-to-chair-1b-solana-treasury-backed-by-multicoin-galaxy-and-jump/
description: "Kyle Samani set to chair $1B Solana treasury vehicle backed by Multicoin, Galaxy and Jump in landmark raise for SOL."
published: 2025-09-05
updated: 2025-09-05
author: "Mila"
site: "Diffcoin"
---

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

### 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.

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.

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