Pantera Capital Eyes $1.25B Raise to Create Solana Treasury Firm: Report
The post Pantera Capital Eyes $1.25B Raise to Create Solana Treasury Firm: Report appeared on BitcoinEthereumNews.com.
In brief Pantera may launch “Solana Co.” to hold Solana tokens as a corporate treasury asset. The effort would begin with a $500 million raise, followed by $750 million in warrants. A single entity could end up holding more Solana than all current public treasuries combined. Pantera Capital is reportedly seeking to raise up to $1.25 billion to convert a Nasdaq-listed company into “Solana Co.,” a public vehicle designed to accumulate Solana tokens as a treasury asset. Plans for the conversion were first detailed in a report from The Information on Tuesday, which claimed that Pantera would begin with a $500 million raise, followed by $750 million through warrants. It follows Pantera’s disclosure earlier this month that it has quietly deployed around $300 million into digital asset treasury (DAT) firms “across various tokens and geographies” to generate yield and grow net asset value. “The most important element of a DAT’s success is the long-term investment merit of the underlying token,” the company stated. Decrypt reached out to Pantera Capital to confirm details of the planned conversion. Pantera’s DAT portfolio spans eight cryptocurrencies, including Solana, with stakes in Twenty One Capital, DeFi Development Corp, and Sharplink Gaming, according to the company’s blockchain letter. Earlier this week, Pantera joined ParaFi Capital in backing Sharps Technology, a Solana treasury vehicle aiming to raise more than $400 million. Over the past few months, a series of smaller Nasdaq-listed firms have also pivoted into Solana treasuries. DeFi Development Corp, previously known as Janover, a real estate financing platform turned AI services firm, disclosed in July that it had doubled its holdings to more than 163,000 SOL worth around $21 million. Classover, an edtech company, announced in June that it had purchased about 6,500 SOL as the first step in a plan backed by a…
Filed under: News - @ August 27, 2025 3:22 am