Pantera Capital raises $1.25B for Solana treasury firm

Published: 2025-08-26 10:22:56 |

Pantera Capital is preparing to establish a Solana treasury firm via a $1.25 billion fundraising and Nasdaq-listed company spin-off. The move follows Galaxy Digital, Jump Crypto and Multicoin Capital’s $1 billion Solana acquisition. Pantera will convert a Nasdaq company into a dedicated Solana investment vehicle. If successful, it will become the largest Solana treasury firm, surpassing current public holdings of 3.44 million SOL (approximately $650 million). Earlier this month, Pantera revealed $300 million in digital asset treasury (DAT) investments covering Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Toncoin (TON), Hyperliquid (HYPE), Sui (SUI) and Ethena (ENA).

Bullish

Pantera Capital’s $1.25 billion push to build a dedicated Solana treasury signals growing institutional confidence in SOL. Large-scale token accumulation typically reduces circulating supply and underpins price support in the short term. This follows similar high-profile moves by Galaxy Digital, Jump Crypto and Multicoin Capital, suggesting a broader trend of deep-pocketed investors backing Solana. Over the long term, a major treasury firm enhances ecosystem stability and may drive further capital inflows into SOL and related projects, reinforcing bullish sentiment.