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Pantera Capital wants to raise $1.25 billion for a Solana treasury company.
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The firm would convert a public company into “Solana Co.”
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This would create the largest corporate Solana treasury to date.
The Plan
Pantera Capital is looking to establish a Solana-focused treasury firm by raising $1.25 billion. The project would begin with $500 million in funding, followed by $750 million through warrant issuance. The new company would be listed in the U.S. under the tentative name “Solana Co.”
Industry Context
This would be the largest Solana treasury held by a public company. Currently, corporate holdings stand at 3.44 million SOL worth about $650 million. The move follows reports that Galaxy Digital, Jump Crypto, and Multicoin Capital are also raising $1 billion for a similar Solana treasury project.
Why It Matters
Pantera says digital asset treasuries can generate yield, making them more attractive than simply holding tokens directly. Its DAT portfolio already includes Bitcoin, Ethereum, Solana, BNB, Toncoin, and others. The initiative underscores how major firms are expanding beyond Bitcoin and Ethereum into altcoin treasuries.
