Overview

• The initiative, described as in talks, would assemble the largest dedicated SOL treasury to date, according to multiple summaries of the Bloomberg report.
• Plans call for acquiring a publicly traded company and converting it into a digital‑asset treasury vehicle focused on Solana.
• Cantor Fitzgerald is named as lead banker for the proposed transaction, with the firms declining to comment on the report.
• The effort remains pre‑closing and faces market, regulatory and execution risks despite the reported endorsement from the Solana Foundation.
• Short‑term price reaction was muted as SOL traded below $200 following a broader market pullback, even as corporate crypto treasuries and proposed spot‑SOL ETFs gain traction.