Pantera plans $1.25B Solana treasury vehicle called Solana Co.

Pantera Capital is planning to convert a publicly listed company into a Digital Asset Treasury Company (DAT) called Solana ￰0￱ firm seeks to raise $1.25 billion to establish the public vehicle designed to accumulate Solana tokens as a treasury ￰1￱ to The Information, Pantera Capital plans to begin with a $500 million raise, followed by $750 million through ￰2￱ California-based firm argued that DATs can generate yield to grow net asset value per share, which results in more token ownership over time compared to just holding ￰3￱ Capital deploys over $300M in treasury companies Pantera Capital revealed in its disclosure earlier this month that it has already deployed over $300 million in treasury companies across different digital assets and ￰4￱ firm has invested in DATs across the U.

S., the UK, and Israel, with a token portfolio including BTC, ETH, SOL, BNB, TON, Sui, Ethena, and ￰5￱ company also mentioned that the most important element of a DAT’s success is the long-term investment merit of the underlying ￰6￱ to Pantera’s blockchain letter, its DAT portfolio includes stakes in Twenty One Capital, DeFi Development Corp, Sharplink Gaming, and BitMine Immersion (BNMR). The venture capital firm acknowledged that it first invested its Pantera DAT Fund into BNMR because it had a clear strategic ￰7￱ company highlighted BNMR’s chair, Tom Lee’s long-term vision of acquiring 5% of the total ETH ￰8￱ the time of publication, on-chain data shows that the total value of public Solana treasuries is more than $695 million, representing around 0.7% of SOL’s total supply.

Pantera’s initiative to establish Solana ￰9￱ hold SOL as a corporate treasury asset would eclipse that figure. “The impact will not be just about size, but more about ￰10￱ would give the market an impression that Solana is moving beyond being a retail-driven chain to one with credible institutional sponsorship at scale.” -Shawn Young, Chief Analyst at MEXC ￰11￱ also believes that the prospect of one company holding such an outsized Solana reserve would usher in a new layer of risk in the ￰12￱ argued that it could alter how Solana trades in the case of narrowing free float and potentially increasing ￰13￱ analyst also sees a similar scenario in Bitcoin treasury firms, such as Strategy , which have drawn attention and credibility for legitimizing digital ￰14￱ also noted that such BTC treasury companies have created a scenario where one corporate balance sheet has disproportionate influence on the ￰15￱ hedge fund company’s proposed fundraising is still in the early planning stages and subject to regulatory ￰16￱ Capital’s initiative follows a series of smaller Nasdaq-listed firms that have pivoted into Solana treasuries.

Nasdaq-listed companies pivot into Solana treasuries JUST IN: Sharps Technology has completed a $400M PIPE financing to build its Solana ($SOL) ￰17￱ — Cryptopolitan (@CPOfficialtx) August 25, 2025 Sharps Technology announced its raising over $400 million in a public equity transaction to stockpile ￰18￱ initiative is expected to close on August 28, with investments from ParaFi Capital and Pantera ￰19￱ previously reported by Cryptopolitan, the firm aims to become the largest Solana digital asset treasury, surpassing companies like Upexi and DeFi Development, which currently hold $370 million and $199 million SOL, ￰20￱ Technology’s CIO, Alice Zhang, believes there’s an acceleration in global adoption of Solana as it continues to receive institutional support as a digital asset treasury ￰21￱ Development revealed in July that it had doubled its holdings to more than 163,000 SOL worth around $21 ￰22￱ firm launched a $125 million equity offering on August 25, priced at $12.50 per ￰23￱ company’s CEO, Joseph Onorati, said DeFi Development seeks to acquire as much SOL as possible in a way that compounds value per share for its ￰24￱ also purchased about 6,500 SOL in June following its Solana accumulation ￰25￱ firm’s initiative follows its initial plan backed by a $500 million convertible note program dedicated to acquiring and staking ￰26￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage