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.
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