Billions Bet on Solana Pantera Capital Plans to Turn Nasdaq Company into a Digital Treasury with $1.25 Billion In a move that could change the balance of the cryptocurrency market, Pantera Capital is preparing to launch the largest institutional treasury dedicated to Solana (SOL) by converting a company listed on the Nasdaq into a new investment entity under the name “Solana Co.”, according to a report issued on August 26 by The Information.

The company aims to raise $500 million initially, followed by an additional investment of $750 million, bringing the total to $1.25 billion, which could make it the largest institutional holder of Solana to date.

This move coincides with similar actions from giants like Galaxy Digital, Multicoin Capital, and Jump Crypto, seeking to raise about $1 billion to create a Solana treasury backed by the Solana Foundation.

Currently, publicly traded companies hold approximately $700 million of Solana, led by Upexi with around two billion SOL tokens, while other companies like DeFi Development Corp and Sol Strategies also hold significant stakes.

Despite the recent decline of the coin by about 8% to $188, analysts believe that the anticipated institutional inflows could represent a new momentum that brings Solana back to a strong upward trajectory in the coming period.$SOL $BTC #SOLTreasuryFundraising #CryptoRally