Investment company Pantera Capital is considering the possibility of creating a new fund called Solana Co. to raise up to $1.25 billion. The goal of this fund is to transform one of the companies listed on Nasdaq into a public instrument that will use $SOL as the primary reserve asset.
If these plans are realized, Solana Co. could become the largest public owner of the cryptocurrency Solana.
The project involves raising funds in two phases:
Initially, it is planned to raise $500 million.
Then — another $750 million through the issuance of token warrants.
In addition, in August 2025, Pantera Capital already invested about $300 million in Digital Asset Treasuries (DAT) — funds that hold cryptocurrencies to profit from their growth. Pantera's DAT portfolio includes eight different cryptocurrencies, including Solana. The company also invested in Twenty One Capital, DeFi Development Corp, and Sharplink Gaming.
