Pantera Capital is preparing to create a company with the largest corporate reserves #solana in the world — for this, the fund aims to raise up to $1.25 billion, reports The Information.
The digital asset management company plans to transform a publicly traded company into a firm with a Solana reserve, tentatively named Solana Co. The scheme looks like this: first, attract $500 million in initial capital, and then another $750 million through the issuance of special securities — warrants.
If the plans are realized, it will result in a true giant. Currently, public companies hold on their balance sheets 3.44 million $SOL worth about $650 million — Pantera clearly aims to surpass these figures significantly.
The race for Solana is picking up speed
Pantera's initiative didn't appear by chance at this moment. Yesterday, Bloomberg reported that Galaxy Digital, Jump Crypto, and Multicoin Capital are already working on their own project — they are raising $1 billion to create a digital asset firm that will also accumulate Solana.
There is a genuine race for the token of one of the fastest-growing blockchains. This demonstrates a broader trend: large corporations are no longer satisfied with being mere observers, but are ready to deploy serious capital in digital assets.
Pantera is already actively investing in projects with cryptocurrency reserves. On August 25, the fund revealed its participation in a private placement of the medical company Sharps Technology for $400 million — the funds will go towards building Solana reserves.
Earlier this month, Pantera reported investments exceeding $300 million in companies with digital assets on the balance sheet (DAT). According to the fund, this approach may prove more profitable than direct ownership of tokens or ETFs.
Yield bet
"DAT can generate returns for growth in net asset value per share, which over time leads to greater ownership of the underlying tokens compared to simply holding spot positions," Pantera explained. "Therefore, owning DAT may offer higher return potential compared to direct token holdings or through ETFs."
Pantera's portfolio in the #DAT includes companies with reserves of various tokens: Bitcoin $BTC , Ethereum $ETH , Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena. These firms are located in different countries, providing the fund with geographical diversification.
