A major initiative to establish a $1 billion Solana treasury is underway, backed by the Solana Foundation and Cantor Fitzgerald. This effort includes participation from prominent crypto firms such as Galaxy Digital, Multicoin Capital, and Jump Crypto. The plan aims to create the largest Solana reserve, surpassing current holders like Upexi and the DeFi Development Corporation. Currently trading near $200, Solana is the sixth-largest cryptocurrency. The initiative could enhance Solana's presence in corporate treasuries, a domain traditionally led by Bitcoin. This move is viewed as a step towards Solana's recovery following the FTX collapse and underscores its potential as a long-term strategic asset.