Pantera Capital is reportedly raising $1.25 billion to convert a Nasdaq-listed company into a Solana (SOL) treasury vehicle, signaling growing institutional interest in the altcoin despite recent market volatility.
According to The Information, the firm will begin by raising $500 million in exchange for new shares in the public company, which will use the funds to acquire Solana. The company would be renamed ”Solana Co.”, effectively becoming a publicly traded Solana investment vehicle. Pantera also structured an option to raise an additional $750 million through warrants and has committed $100 million of its own capital.
The initiative is part of Pantera’s broader strategy in the digital asset treasury (DAT) space. So far in 2025, the firm has invested over $300 million into various crypto treasury projects, including Bitcoin-focused Twenty One Capital, Ethereum-backed BitMine and SharpLink, and DeFi Development Corp, which is also Solana-aligned.
Institutional Demand for Solana Grows
Pantera is not alone in exploring Solana-based treasury strategies. Firms such as Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly in talks to raise approximately $1 billion for a separate Solana treasury vehicle, according to BeInCrypto.
The momentum reflects a broader shift in institutional sentiment toward Solana as a strategic digital asset. Data from CoinGecko shows that five publicly traded companies currently hold over 3.7 million SOL (roughly $700 million), accounting for nearly 0.7% of Solana’s total supply.
Solana Faces Volatility but Maintains Long-Term Appeal
Despite growing adoption, Solana’s price has seen limited growth in recent weeks. As of publication, SOL was trading at $189.12, down over 7% on the day and showing only a 1% gain over the past month—underperforming Ethereum, which rose nearly 17% in the same period.
Still, industry leaders remain optimistic. Speaking to Bloomberg, REX Financial CEO Greg King emphasized Solana’s speed and scalability compared to Ethereum, particularly for stablecoin development, calling it “the story for the future.”
The growing number of institutional treasury initiatives suggests that, while short-term price swings persist, Solana is increasingly being viewed alongside Bitcoin and Ethereum as a core holding in traditional investment portfolios.
Pantera Capital is reportedly raising $1.25 billion to convert a Nasdaq-listed company into a Solana (SOL) treasury vehicle, signaling growing institutional interest in the altcoin despite recent market volatility.
According to The Information, the firm will begin by raising $500 million in exchange for new shares in the public company, which will use the funds to acquire Solana. The company would be renamed ”Solana Co.”, effectively becoming a publicly traded Solana investment vehicle. Pantera also structured an option to raise an additional $750 million through warrants and has committed $100 million of its own capital.
The initiative is part of Pantera’s broader strategy in the digital asset treasury (DAT) space. So far in 2025, the firm has invested over $300 million into various crypto treasury projects, including Bitcoin-focused Twenty One Capital, Ethereum-backed BitMine and SharpLink, and DeFi Development Corp, which is also Solana-aligned.
Institutional Demand for Solana Grows
Pantera is not alone in exploring Solana-based treasury strategies. Firms such as Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly in talks to raise approximately $1 billion for a separate Solana treasury vehicle, according to BeInCrypto.
The momentum reflects a broader shift in institutional sentiment toward Solana as a strategic digital asset. Data from CoinGecko shows that five publicly traded companies currently hold over 3.7 million SOL (roughly $700 million), accounting for nearly 0.7% of Solana’s total supply.
Solana Faces Volatility but Maintains Long-Term Appeal
Despite growing adoption, Solana’s price has seen limited growth in recent weeks. As of publication, SOL was trading at $189.12, down over 7% on the day and showing only a 1% gain over the past month—underperforming Ethereum, which rose nearly 17% in the same period.
Still, industry leaders remain optimistic. Speaking to Bloomberg, REX Financial CEO Greg King emphasized Solana’s speed and scalability compared to Ethereum, particularly for stablecoin development, calling it “the story for the future.”
The growing number of institutional treasury initiatives suggests that, while short-term price swings persist, Solana is increasingly being viewed alongside Bitcoin and Ethereum as a core holding in traditional investment portfolios.
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