Pantera Capital Seeks $1.25 Billion for Solana-Focused Investment Vehicle

Investment giant Pantera Capital is preparing to establish a new entity called Solana Co., with the goal of raising up to $1.25 billion to bolster the Solana blockchain’s corporate presence. This fund, designed as a reserve asset for the network, could make Pantera the largest public holder of Solana coins, surpassing other major players in the crypto world. 📚 Pantera aims to achieve this through a two-stage capital raising process: an initial $500 million phase followed by another $750 million through token warrants. This move signifies a significant step for Solana’s growth, potentially elevating Pantera’s position within the blockchain industry.