Pantera Capital, an investment giant, is planning to create a new entity, Solana Co., with the aim of raising significant capital to support the Solana blockchain.
Pantera Capital's Goals
According to Decrypt, Pantera Capital aims to raise up to $1.25 billion to create Solana Co., which might become a public company and a reserve asset for the Solana blockchain.
Funding Structure
Pantera Capital plans to execute a two-stage capital raise, with the first stage seeking $500 million, followed by an additional $750 million through the issuance of token warrants.
Investments in Digital Assets
Additionally, Pantera Capital has already invested $300 million into Digital Asset Treasuries aimed at maximizing the value and profits from cryptocurrencies. Their portfolio includes not only Solana tokens but also large cryptocurrencies like Bitcoin and Ethereum.
Pantera Capital's plans could mark a significant milestone in the development of Solana and strengthen its position as a key player in the blockchain space.
