The well-known crypto fund Pantera Capital plans to raise up to $1.25 billion to acquire a publicly listed company on NASDAQ and transform it into a treasury company specializing in investing in Solana.

Pantera was founded by former Goldman Sachs and Tiger Global Management trader Dan Morehead and currently manages about $5 billion in assets, making it one of the largest and oldest crypto asset management companies. According to insiders, Pantera plans to raise funds in phases, with the first round raising about $500 million, followed by an additional $750 million through warrants.

Pantera's specific operational approach is to first raise $500 million, then invest in this NASDAQ-listed company, which will issue new shares to the investor group led by Pantera. After receiving cash, the funds will be used to purchase Solana tokens. As part of the transaction, an executive from Pantera will join the company's board of directors to lead its Solana accumulation strategy. After completing the transformation, the company will be renamed Solana Co., and the specific identity of this listed company has yet to be disclosed $SOL #机构筹资布局SOL