Solana News Today: Pantera Capital to Raise $1.25 Billion for Nasdaq-Listed Solana Treasury Vehicle

Pantera Capital is pursuing a landmark initiative to raise up to $1.25 billion to transform a publicly traded U.S. company into a dedicated Solana (SOL) treasury vehicle, according to reports from The Information and The Block [2]. The plan involves converting an existing Nasdaq-listed firm into “Solana Co.,” with an initial capital raise of $500 million, followed by an additional $750 million through warrant issuances. If completed, this would create the largest corporate Solana treasury globally, surpassing the current holdings of public companies, which amount to 3.44 million SOL—valued at approximately $650 million [2]. The structure aims to provide both immediate liquidity and long-term funding capacity as Pantera scales its Solana treasury operations.

The firm has already invested over $300 million into digital asset treasury (DAT) companies and plans to significantly expand this commitment. Notably, Pantera recently participated in a $400 million private placement led by Sharps Technology to build a Solana reserve [2]. The firm argues that DAT structures can offer superior returns compared to direct token ownership or traditional ETFs, leveraging the compounding power of yield generation over time [2].

Pantera’s initiative aligns with broader trends in institutional investment in digital assets, as several other major crypto firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—have announced a joint $1 billion Solana treasury project [2]. This signals a transition in the market from early-stage adoption to a more mature phase where institutional players are allocating large capital pools to generate yield from blockchain-based assets.

Pantera’s DAT portfolio spans multiple blockchains, including Bitcoin, Ethereum, BNB, Toncoin, Hyperliquid, Sui, and Ethena, reflecting its long-term belief in the scalability and adoption potential of digital asset treasuries. The firm’s aggressive capital deployment in Solana-related treasuries highlights its strategic confidence in the network’s position as a high-performance blockchain with growing institutional traction [2].

This move not only underscores Pantera’s deep conviction in Solana but also reinforces the growing role of publicly traded vehicles in managing and accumulating digital assets. As the digital asset landscape continues to evolve, Pantera’s Solana-focused strategy could set a precedent for institutional-grade investment in blockchain-based infrastructure [2].

Source:

[1] Yahoo Finance. (2025, August 25). Pantera Capital Plans $1.25B Raise to Build Nasdaq-Listed ...

https://finance.yahoo.com/news/pantera-capital-plans-1-25b-063023248.html

[2] The Block. (2025, August 24). Pantera Capital seeks $1.25 billion for Solana treasury firm

https://www.theblock.co/post/368201/pantera-capital-solana-treasury?utm_medium=rss&utm_source=markets.xml