Pantera Raise $1.25B for Solana Treasury Vehicle
Pantera Capital dey plan to raise $1.25 billion to create di biggest Solana treasury vehicle by buying one Nasdaq-listed company and convert am to “Solana Co.” Di firm go secure $500 million initial funding and then raise extra $750 million through warrants, building on over $300 million wey dem don already invest for digital asset treasury. Meanwhile, Galaxy Digital, Jump Crypto and Multicoin Capital dey eye one separate $1 billion SOL treasury. Institutional Solana treasuries currently hold about 0.75% of circulating SOL compared to 9% for BTC and 3.4% for ETH. As of publication, SOL dey trade near $190, down over 3% in 24 hours, showing short-term volatility despite growing long-term demand from institutional investors.
Bullish
Di plan Pantera Capital to raise $1.25 billion for one Solana treasury vehicle dey show say institutional investment for SOL dey grow. For short term, SOL fit get some wahala like price fit shake because people dey fear dilution from warrants and some go take profit after dem announce am, like di 3% price drop wey happen. But for long term, things dey look good: big treasury moves go lock plenty SOL supply, e go make network steady and e go attract even more institutional investment. With Galaxy Digital, Jump Crypto and Multicoin Capital dey do similar tins, all these tins fit make demand and price for SOL strong steady.