Solana News Today: Pantera Launches $1.25B Raise to Create Largest Public Solana Treasury Vehicle

Pantera Capital is reportedly preparing to launch a $1.25 billion initiative to establish Solana Co., a new publicly traded entity that could become the largest corporate holder of Solana (SOL) tokens. The move aims to institutionalize Solana as a strategic reserve asset while offering a structured vehicle for both institutional and retail investors to gain exposure to the asset without the complexities of direct crypto custody [1]. The plan involves a two-stage capital raise: the first phase targets $500 million, followed by a $750 million raise through the issuance of token warrants [2].

If the initiative succeeds, Solana Co. could overtake the current largest corporate holder of Solana, Upexi, a Nasdaq-listed firm that holds approximately 2 billion SOL, valued at nearly $380 million at current prices [3]. Pantera’s proposed treasury is expected to significantly expand the company’s influence in the Solana ecosystem, positioning it as a dominant force in the blockchain space [4].

The investment strategy also includes Pantera’s $300 million investment in Digital Asset Treasuries (DATs) in August 2025, which are designed to store and maximize the value of cryptocurrencies. These DATs include Solana, Bitcoin, and Ethereum, as well as stakes in firms such as Twenty One Capital and DeFi Development Corp [5]. The broader goal is to increase the long-term attractiveness of the underlying tokens and reinforce Solana’s position as a high-performance blockchain with fast transaction speeds and low fees [6].

Analysts suggest that the creation of a publicly traded vehicle focused on Solana could serve as a model for future blockchain investment structures. By using a Nasdaq-listed shell, Pantera is able to provide a familiar and regulated framework for investors while maintaining exposure to a high-growth digital asset [7]. The move also reflects growing institutional confidence in the Solana network, which has seen increased adoption and development in recent months [8].

By building a corporate treasury of Solana tokens through a structured fundraising approach, Pantera Capital is signaling a long-term commitment to the blockchain’s potential and contributing to the broader trend of institutional capital entering the crypto space via structured financial products [9].

Sources:

[1] Pantera's Big Bet: $1.25 Billion for Solana Co. Launch (https://coinpaper.com/10720/pantera-capital-could-create-the-largest-corporate-solana-holder-with-1-25-b)

[2] Pantera Capital Eyes Record-Breaking $1.25 Billion ... (https://coincentral.com/pantera-capital-eyes-record-breaking-1-25-billion-solana-treasury-play/)

[3] Solana News Today: Pantera Eyes $1.25B Raise to Create ... (https://www.ainvest.com/news/solana-news-today-pantera-eyes-1-25b-raise-create-largest-public-solana-treasury-vehicle-2508/)

[4] Solana treasury plays gain ground as Pantera Capital eyes ... (https://crypto.news/solana-treasury-plays-gain-ground-as-pantera-capital-eyes-1-25b-fund-report/)

[5] Pantera Capital Plans $1.25B Raise to Build Solana ... (https://www.cryptotimes.io/2025/08/26/pantera-capital-plans-1-25b-raise-to-build-solana-treasury-firm/)

[6] BULLISH: Pantera Capital aims to raise $1.25B for a public ... (https://www.instagram.com/p/DNzPoBOXBjn/)

[7] Pantera Capital Eyes $1.25B Raise to Create Solana ... (https://cryptonews.net/news/finance/31500367/)

[8] Solana News Today: Pantera Launches $1.25 Billion ... (https://www.ainvest.com/news/solana-news-today-pantera-launches-1-25-billion-initiative-create-largest-public-solana-treasury-vehicle-2508/)