🚀 Solana Rises to the Top: Pantera Capital Aims for $1.25 Billion and Nasdaq Companies Adopt SOL
The market of #solana is back in the spotlight following the revelation of a bold move by Pantera Capital. The fund plans to raise up to $1.25 billion to transform a company listed on the Nasdaq into a true “Solana Co.”, with a focus on accumulating $SOL in treasury — a strategy that replicates the move of corporations that adopted Bitcoin in the past.
The fundraising plan includes two phases: an initial $500 million, followed by $750 million via warrants. This is not the first bet by the manager on crypto treasury vehicles: over $300 million have already been directed to different digital assets.
Meanwhile, corporate adoption of Solana is already a reality. Upexi Inc. (UPXI) holds 2 million of $SOL in cash, DeFi Development Corp. (DFDV) has 1.18 million, and Classover Holdings (CLVR) holds around 6.5 thousand tokens — together, these positions exceed 3.1 million SOL.
In the chart, @Solana Official trades near $187, oscillating between $186 and $198. Analysts highlight $207 as the breakout point that could pave the way for $300, especially with favorable technical patterns and strong institutional flow.
Despite still being 35% below the all-time high of January, the current level is seen as a strategic entry, especially if Bitcoin resumes its trajectory above $124,000.
