Pantera Capital Aims to Raise $1.25 Billion for Solana Treasury Company

Pantera Capital's Fundraising Plans: Pantera Capital aims to raise up to $1.25 billion to transform a Nasdaq-listed company into "Solana Co." focused on acquiring Solana (SOL) tokens as treasury assets, starting with an initial $500 million raise.

Previous Investments: The firm has already invested approximately $300 million in digital asset treasury firms and has a history of backing Solana-related ventures, including Twenty One Capital and Sharplink Gaming.

Growing Interest in Solana Treasuries: Smaller Nasdaq-listed companies are increasingly investing in Solana treasuries, with notable purchases from DeFi Development Corp and Classover, contributing to a total exceeding $695 million in public Solana treasuries.

Market Volatility Concerns: Experts warn that large reserves of SOL held by single companies could lead to increased market volatility, as these firms can significantly influence token liquidity and trading dynamics.