🔥 $SOL | ALERT – Pantera Capital & Solana 🔥
Pantera Capital, one of the largest cryptocurrency asset managers in the world (approximately $5 billion under management), is planning to raise up to $1.25 billion to invest exclusively in Solana ($SOL).
The plan is:
• To buy a company listed on Nasdaq, rename it as “Solana Co” and use it to accumulate Solana tokens.
• The first step would be to raise $500 million, with the possibility of an additional $750 million via warrants.
• Pantera itself would invest $100 million in the project.
• An executive from Pantera would join the board of the new company to lead the strategy.
In addition:
• International investors (including from Asia) are in negotiations.
• Other managers like Multicoin Capital, Galaxy Digital, and Jump Crypto are also considering raising around $1 billion for funds focused on Solana.
• Smaller companies have already made similar moves, but on a much smaller scale.
👉🏽 Market expectations are that these new investment vehicles will increase the demand and price of Solana, especially if the SEC approves ETFs linked to the token.
$SOL
$BNB