Dan Morehead’s Pantera plots massive $1.25B Solana treasury via Nasdaq takeover
- Solana is the focus of a $1.25 billion plan by Pantera Capital to create a public investment vehicle.
- The strategy involves converting a Nasdaq-listed company into a firm dedicated to acquiring Solana.
- The move is part of a wider institutional race to create publicly-traded “crypto treasury stocks.”
Pantera Capital is orchestrating one of the largest single institutional bids for Solana to date, with sources reporting that founder Dan Morehead is leading a capital raise of up to $1.25 billion.
What Is Pantera Capital’s Reported $1.25 Billion Solana Strategy?
The firm’s strategy involves converting an existing, unnamed Nasdaq-listed company into a dedicated, publicly-traded investment vehicle focused exclusively on acquiring and holding Solana.
The first phase aims to raise approximately $500 million from a consortium of investors. This initial deal would grant the Pantera-led group new shares in the public company, with the fresh capital being deployed directly into purchasing SOL. A secondary phase includes warrants that could unlock another $750 million in funding. Pantera Capital has committed $100 million of its own funds to anchor the deal.
The post Dan Morehead’s Pantera plots massive $1.25B Solana treasury via Nasdaq takeover appeared first on Coin Edition.
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Dan Morehead’s Pantera plots massive $1.25B Solana treasury via Nasdaq takeover
- Solana is the focus of a $1.25 billion plan by Pantera Capital to create a public investment vehicle.
- The strategy involves converting a Nasdaq-listed company into a firm dedicated to acquiring Solana.
- The move is part of a wider institutional race to create publicly-traded “crypto treasury stocks.”
Pantera Capital is orchestrating one of the largest single institutional bids for Solana to date, with sources reporting that founder Dan Morehead is leading a capital raise of up to $1.25 billion.
What Is Pantera Capital’s Reported $1.25 Billion Solana Strategy?
The firm’s strategy involves converting an existing, unnamed Nasdaq-listed company into a dedicated, publicly-traded investment vehicle focused exclusively on acquiring and holding Solana.
The first phase aims to raise approximately $500 million from a consortium of investors. This initial deal would grant the Pantera-led group new shares in the public company, with the fresh capital being deployed directly into purchasing SOL. A secondary phase includes warrants that could unlock another $750 million in funding. Pantera Capital has committed $100 million of its own funds to anchor the deal.
The post Dan Morehead’s Pantera plots massive $1.25B Solana treasury via Nasdaq takeover appeared first on Coin Edition.
Read More