Pantera Capital Raises $1.25 Billion to Build Solana Treasury

Pantera Capital is spearheading a major initiative, aiming to raise $1.25 billion to create a dedicated Solana treasury vehicle. This move marks the largest institutional push for SOL accumulation on November 3rd, 2023. With this investment, Pantera Capital seeks to convert a Nasdaq-listed company into a specialized Solana fund. This initiative signifies growing institutional confidence in Solana’s potential as a significant crypto asset, potentially shaping market dynamics and echoing the corporate adoption trend seen with Bitcoin and Ethereum. 💰