Following Galaxy Digital, Jump Crypto, and Multicoin Capital’s joint acquisition of Solana (SOL) for $1 billion, Pantera Capital has made a surprising move with an investment worth $1.25 billion in the altcoin landscape. 🤯
Pantera Capital, known as a major force in the cryptocurrency industry, is creating a new company focused solely on Solana investments. They plan to raise up to $1.25 billion through this venture, which will involve acquiring a publicly traded company and transforming it into a Solana-focused investment firm. 🚀
The newly established firm could potentially become the largest Solana-focused treasury firm yet, as public companies currently hold 3.44 million SOL worth around $650 million. This move follows Pantera’s recent investments in digital asset treasury (DAT) firms, which include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Toncoin (TON), Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA).
It’s important to remember that this is not financial advice.