Pantera prepares to raise up to $1.25 billion to buy SOL reserves

The latest information from investors shows that Pantera Capital – one of the leading Venture Capital in the blockchain field is planning to raise up to 1.25 billion USD. This huge amount of Capital will be used to convert a publicly listed company on the US stock exchange into an organization specializing in investing in Solana (SOL). If successful, this will be the largest Solana reserve fund ever, far surpassing all other existing units.

Read more: What is Pantera Capital ? Pantera's portfolio

How Pantera Implements Its Plan

Pantera Capital is reportedly seeking to raise up to $1.25 billion to convert a Nasdaq-listed company into a “Solana Co.” — a public company designed to hold Solana Token as treasury assets. The conversion plan, first disclosed, said Pantera would start with a $500 million Capital , then raise an additional $750 million through warrants.

The move comes after Pantera revealed earlier this month that it had quietly invested around $300 million in Digital Asset Treasury (DAT) companies “across various Token and geographies” in an effort to generate profits and increase its net worth.

“The most important factor for the success of a DAT is the long-term investment value of the underlying Token ,” said Pantera.

Decrypt has reached out to Pantera Capital to confirm details of the planned move. Pantera’s DAT portfolio currently includes eight cryptocurrencies, including Solana, along with investments in Twenty One Capital, DeFi Development Corp, and Sharplink Gaming, according to the company’s latest blockchain report.

Why is this a big turning point?

While Solana has been known primarily for its appeal to the retail community and Web3 startups, Pantera’s move toward a billion-dollar public investment model marks a shift toward strong Capital participation. This not only solidifies Solana ’s position in the blockchain ecosystem, but also opens the door for the coin to move closer to Vai a recognized asset in the traditional financial world.

Wave of Public Companies Investing in Solana

Over the past few months, a number of smaller Nasdaq-listed companies have also shifted to holding Solana in their treasuries.

• DeFi Development Corp (formerly Janover, a real estate finance platform that later transitioned to AI services) revealed in July that it had doubled its holdings to over 163,000 SOL (~$21 million).
• Classover, an edtech company, announced in June that it had purchased approximately 6,500 SOL as the first step in a $500 million plan through a convertible bond program to purchase and Stake SOL.
• Upexi and DeFi Development Corp are also continuously expanding Solana reserves through equity Capital .
• Canadian firms SOL Strategies and Torrent Capital currently hold $62 million and $6.4 million worth of SOL, respectively, according to data from CoinGecko.

To date, the total value of Solana held by public companies has exceeded $695 million, equivalent to about 0.69% of the total SOL supply, according to data from CoinGecko.