WAR FOR SOLANA!
Pantera Capital announces an ambitious plan of $1.250 Billion to create the largest treasury of #sol in the world
Institutional capital is in a race for the accumulation of #solana . In a bold move, the renowned investment firm #PanteraCapital has revealed its plans to raise up to $1.250 billion to establish a new Solana treasury company that will be listed on the U.S. stock exchange.
The company, which will be temporarily called Solana Co., aims to become the largest corporate treasury of SOL in the world. To achieve this, it plans an initial raise of $500 million, followed by another $750 million through the issuance of warrants.
Competition for Supremacy: This initiative coincides with a Bloomberg report indicating that other industry giants, such as Galaxy Digital, Jump Crypto, and Multicoin Capital, are collaborating to raise $1.000 billion for a similar project.
Rising Trend: Pantera's move underscores a growing trend. The accumulation of digital assets is expanding beyond pioneers like MicroStrategy and reaching larger, established companies looking to deploy significant capital in assets like SOL.