Pantera Capital Targets $1.25B to Create Largest US-Listed Solana Treasury
The post Pantera Capital Targets $1.25B to Create Largest US-Listed Solana Treasury appeared on BitcoinEthereumNews.com. Global digital asset fund management Pantera Capital is preparing to raise $1.25 billion for a new Solana-focused treasury firm. The initiative could establish the largest corporate Solana reserve to date. According to The Information, the company plans to convert a publicly traded business into a U.S.-listed Solana treasury vehicle. The new entity, tentatively named Solana Co., is expected to oversee one of the largest institutional holdings of Solana to date. The fundraising plan will take place in two stages. Pantera aims to secure $500 million in the first phase, followed by an additional $750 million through a warrant issuance program. – Advertisement – If both rounds succeed, the treasury could reach $1.25 billion, far exceeding existing Solana corporate reserves. Competitive Race Among Institutions The development comes soon after news of another initiative involving Galaxy Digital, Jump Crypto, and Multicoin Capital. Bloomberg reported that these firms are collectively raising $1 billion to establish their own Solana treasury company. Together, these initiatives show a broader shift in the market. Digital asset treasuries (DATs), once led by smaller players, are now attracting multi-billion-dollar commitments from established financial groups. This suggests that Solana is moving beyond retail adoption and into the balance sheets of large corporations. Pantera’s Growing Commitment to Digital Treasuries Pantera has been steadily increasing its involvement in Solana and other digital asset treasuries. Earlier this month, the firm disclosed that it had already invested over $300 million in treasury-focused ventures. Most recently, Pantera participated in a $400 million private placement by Sharps Technology, which aims to build a significant Solana reserve. Beyond Solana, the company’s treasury portfolio includes a diverse range of tokens, such as Bitcoin, Ethereum, BNB, Toncoin, Hyperliquid, Sui, and Ethena. According to Pantera, DATs have advantages over simply holding tokens or ETFs. They can generate yield and increase…
The post Pantera Capital Targets $1.25B to Create Largest US-Listed Solana Treasury appeared on BitcoinEthereumNews.com.
Global digital asset fund management Pantera Capital is preparing to raise $1.25 billion for a new Solana-focused treasury firm. The initiative could establish the largest corporate Solana reserve to date. According to The Information, the company plans to convert a publicly traded business into a U.S.-listed Solana treasury vehicle. The new entity, tentatively named Solana Co., is expected to oversee one of the largest institutional holdings of Solana to date. The fundraising plan will take place in two stages. Pantera aims to secure $500 million in the first phase, followed by an additional $750 million through a warrant issuance program. – Advertisement – If both rounds succeed, the treasury could reach $1.25 billion, far exceeding existing Solana corporate reserves. Competitive Race Among Institutions The development comes soon after news of another initiative involving Galaxy Digital, Jump Crypto, and Multicoin Capital. Bloomberg reported that these firms are collectively raising $1 billion to establish their own Solana treasury company. Together, these initiatives show a broader shift in the market. Digital asset treasuries (DATs), once led by smaller players, are now attracting multi-billion-dollar commitments from established financial groups. This suggests that Solana is moving beyond retail adoption and into the balance sheets of large corporations. Pantera’s Growing Commitment to Digital Treasuries Pantera has been steadily increasing its involvement in Solana and other digital asset treasuries. Earlier this month, the firm disclosed that it had already invested over $300 million in treasury-focused ventures. Most recently, Pantera participated in a $400 million private placement by Sharps Technology, which aims to build a significant Solana reserve. Beyond Solana, the company’s treasury portfolio includes a diverse range of tokens, such as Bitcoin, Ethereum, BNB, Toncoin, Hyperliquid, Sui, and Ethena. According to Pantera, DATs have advantages over simply holding tokens or ETFs. They can generate yield and increase…
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