Pantera Capital is poised to create a treasury focused on Solana, with other firms also showing interest in accumulating SOL assets.
Pantera Capital's Solana Treasury Plan
Pantera Capital is reportedly planning to raise up to $1.25 billion to convert a publicly traded company into a Solana-focused treasury firm. According to a report from August 26, the firm plans to start with an initial raise of $500 million, followed by a separate $750 million raise. The combined $1.25 billion could make this the largest Solana-focused treasury.
Institutional Interest in Solana and Other Firms' Participation
Pantera is not alone; in recent days, three firms, including Galaxy Digital, Multicoin Capital, and Jump Crypto, have reportedly been in talks to set up their own Solana-focused treasury aiming for around $1 billion. Collectively, nearly $700 million worth of Solana is already held across corporate balance sheets, and such initiatives could significantly increase this figure in the coming months.
Solana Prices: Recent Fluctuations and Projections
SOL's price has dipped below the $200 mark, trading around $188 at the time of writing, reflecting a nearly 8% drop in the last 24 hours. This sharp decline came after the token hit a low of $185, although it has since recovered slightly. If SOL holds above the $185 support level, there may be an opportunity to test the $190–$195 range in the near term.
Institutional interest in Solana continues to grow, and if successful investments are executed, it could positively impact the token's price in the future.
