#SOLTreasuryFundraising updated summary on fundraising related to SOL (Solana) treasuries, highlighting the most recent and significant initiatives:

Main fundraising initiatives for Solana (SOL)

1. Sharps Technology — $400 million for SOL treasury

Sharps Technology, a company listed on Nasdaq, raised $400 million through a PIPE placement to establish a treasury focused on SOL.

Of this amount, the Solana Foundation committed to selling $50 million in SOL at a 15% discount from the time-weighted average price (30 days).

Alice Zhang, co-founder of Jambo (a project backed by Solana), was appointed CIO of Sharps, accompanying a capital structure with warrants tied to its stock issuances.

2. Pantera Capital — up to $1.25 billion via “Solana Co.”

Pantera Capital plans to raise $1.25 billion to transform an existing public company into a treasury vehicle dedicated to SOL, tentatively named “Solana Co.”.

The fundraising would have two phases: an initial round of $500 million in equity, followed by $750 million through the issuance of warrants.