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Pantera Capital Prepping $1.25B Solana Treasury Firm: The Information
Major crypto trading firms are placing their bets that DAT enthusiasm moves to Solana next.
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Pantera Capital is seeking to raise up to $1.25 billion to convert a publicly traded company into a Solana treasury vehicle, tentatively called Solana Co., according to a report in The Information.
What’s the Scoop?
- Big Raise: The reported effort includes an initial $500 million capital raise, followed by $750 million via warrant issuance. Pantera plans to invest $100M in the fund.
- Public SOL Play: If successful, it would become the largest public Solana holder, surpassing the current 3.44M SOL ($650M) across all companies.
- Follow the Leaders: The move follows news that Galaxy, Jump, and Multicoin are targeting a joint $1B raise for a Solana DAT of their own.