worldcoinindex.com
Pantera Capital is preparing to make a major play in the Solana ecosystem, with plans to raise as much as $1.25 billion to establish a publicly traded Solana treasury company. According to reports, the investment firm will rebrand an existing listed entity into “Solana Co.,” beginning with an initial $500 million raise and following up with $750 million through warrants.
If successful, the initiative would create the largest corporate Solana treasury worldwide, eclipsing the current 3.44 million SOL held collectively by public firms—valued at roughly $650 million.
The move underscores a growing institutional push into Solana treasuries, highlighted by recent news that Galaxy Digital, Jump Crypto, and Multicoin Capital are also seeking to raise $1 billion for a joint Solana-focused treasury vehicle.
Pantera has already been active in this space, investing heavily in digital asset treasury (DAT) ventures. Earlier this month, it committed over $300 million across multiple treasury projects and revealed its participation in Sharps Technology’s $400 million private placement to build a Solana reserve.
The firm argues that DAT structures offer a performance edge over direct spot holdings or ETFs, as they can generate yield to increase net asset value per share, ultimately compounding token ownership over time.
Pantera’s DAT portfolio spans a wide range of tokens—including Bitcoin, Ethereum, Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena—reflecting its strategy to back token treasuries across multiple jurisdictions.