Pantera Capital seeks to raise $ 1.25 billion for the Solana Treasury, which adds to a wave of building an institutional momentum behind the original.
Pantera plans to convert a company listed in Nasdak into a Solana Treasury vehicle
As first I mentioned Through information, Pantera Capital plans to raise money to create a Treasury Solana. Initially, the company intends to raise about $ 500 million of investors. After that, this money will be placed in a company listed on the Nasdaq Stock Exchange, which you will use to buy Sol and transfer to a treasury vehicle called “Solana Co.”
Pantera Capital is the American Investment Capital Fund, the Digital Hedgement Fund and Blockchain technology. The company became the first to launch an encrypted currency fund in the United States in 2013 and today, running more than $ 4.8 billion of assets.
In a letter earlier this month, Pantera revealed that it had invested more than $ 300 million in Digital Asset Treasury (DAT) companies. The company said that its investment thesis is based on a simple hypothesis: “Dats can generate the return to develop the value of the net assets per share, which leads to more symbolic ownership over time more than just keeping a spot.”
Pantera is also an investor in an investor in Sharpings Technology Medicine to create a 400 million dollar Solana Treasury, according to press release One of the sharp tools on Monday. Now, the company appears to be directly pushing into the locker space with its latest proposal. In addition to the first $ 500 million, the company also plans to raise another $ 750 million through orders. If the plan starts in the fruits, you will become Solana Co. The largest Ministry of Treasury in existence.
Interestingly, the report on Pantera comes just one day after another report that revealed that the Galaxy Digital, Jump Crypto and Multicoin Capital are planning a $ 1 billion ministry.
Upexi is currently the largest Solana Treasury company that includes about 2 million symbols (about 383 million dollars in the latest exchange rate), so the proposed proposal from Galaxy and others has doubled more than weakness. Now, Pantira’s plan can exceed it.
Digital Asset Treasury Model has been circulated through Michael Sailor’s strategy (previously known as Microstrategy). Soon by other companies put bitcoin on their public budgets, but recently, Altcoins began to get attention as well.
With Galaxy and Partners, Pantera and Sharples that reveal the plans of Solana Treasury, there is now a real shift in the institutional momentum behind the encrypted currency.
To date, Treasury companies have added about 0.75 % of the circulating offer to their property, according to the data from the DEFI Establish Solutions Storara (Previous INTOTHEBLOCK).
The breakdown of the treasury company holdings across BTC, ETH, and SOL | Source: Sentora on X
From the graph, it is clear that the same figure sits with more than 9 % for Bitcoin and about 3.4 % for ethereum. Thus, it seems that Sol is still very early in the cabinet batch.
Soul price
At the time of writing this report, Solana floats about $ 190, a decrease of more than 3 % in the past 24 hours.
The price of the coin seems to have suffered a plunge during the past day | Source: SOLUSDT on TradingView
Distinctive image from Dall-e, Sentora.com, Chart from TradingView.com
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The post Solana Institution Wave Builds: Pantera Eyes $1.25B Treasury first appeared on Investorempires.com.
