Daniel Walker
Pantera Capital is seeking to raise up to $1.25 billion to establish a U.S.-listed Solana treasury company, signaling a major push into digital asset corporate treasuries. The initiative, tentatively named Solana Co., will begin with an initial $500 million fundraising round, followed by an additional $750 million through warrant issuance, according to reports from The Information.
If successful, this could create the largest corporate Solana treasury in the world, surpassing the current public company holdings of 3.44 million SOL, valued at roughly $650 million.
Pantera’s move aligns with broader market activity, following Bloomberg’s report of Galaxy Digital, Jump Crypto, and Multicoin Capital collaborating on a $1 billion Solana treasury project. Analysts note that this trend reflects how larger, established corporations are beginning to deploy significant capital into digital asset treasuries, expanding beyond early adopters.
Pantera’s Strategic Investments
The firm has recently invested hundreds of millions into crypto treasury projects. On Monday, Pantera revealed its participation in Sharps Technology’s $400 million private placement to build a Solana reserve. Earlier this month, Pantera disclosed over $300 million invested in digital asset treasury (DAT) companies.
According to Pantera, DATs provide yield that can increase net asset value per share, potentially generating more token ownership over time than simply holding cryptocurrencies directly. “Owning a DAT could offer higher returns compared to holding tokens directly or via an ETF,” the firm explained.
Diverse Portfolio Across Leading Tokens
Pantera’s DAT portfolio spans multiple digital assets, including Bitcoin, Ethereum, Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena treasury firms in various countries, reflecting the firm’s expansive approach to corporate crypto treasuries.
