Dan Morehead Sees Bitcoin at $750,000 and Solana Leading Institutional Flows

Pantera Capital Makes Solana Its Biggest Bet Pantera Capital has placed its largest bet on Solana (SOL), holding $1.1 billion worth of the token, founder Dan Morehead revealed in an interview with ￰0￱ now represents the top position in the firm’s portfolio, overtaking other blockchain ￰1￱ described Solana as “the fastest-growing and most resilient blockchain of the past four years,” adding that its performance has outpaced even Bitcoin during that period. “We think that only a few blockchains will emerge as long-term winners — Bitcoin, Ethereum, and Solana are at the top of that list,” he ￰2￱ also forecast that Bitcoin could climb to $750,000 within the next 4–5 years, pointing out that it still represents only a small share of global ￰3￱ Turn Toward Solana Institutional interest in Solana has been accelerating throughout ￰4￱ July, BIT Mining announced it was shutting down Bitcoin mining operations to transition fully into the Solana ecosystem, with plans to raise up to $300 million for acquiring SOL and building validator ￰5￱ following month, US medical equipment maker Sharps Technology raised about $400 million through a private placement to establish a Solana-based ￰6￱ announcement sent the company’s shares soaring more than 40%.

Billions Flow Into Solana Treasuries In September, two more companies announced major commitments to Solana: Forward Industries pledged $1.65 billion to create a corporate treasury in ￰7￱ Medical Technologies secured more than $500 million to build its asset base in the ￰8￱ multiple corporations and funds building reserves in SOL, Solana is increasingly positioning itself as a preferred choice for treasuries — alongside Bitcoin and ￰9￱ argues this trend will only strengthen: “Institutions are recognizing that Solana offers the speed and efficiency they need. That’s why we see so much capital flowing into its ecosystem.”