- Pantera Capital’s $1.25B plan shows growing institutional interest in Solana.
- Public Solana treasuries now represent over 0.69% of the total token supply.
- A $1B treasury from Galaxy, Jump, and Multicoin could disrupt the Solana supply landscape.
Pantera Capital is launching a massive fundraising campaign to raise $1.25 billion to create a publicly traded investment firm focused on Solana (SOL). Information sources claim that the venture capitalization agency intends to transform an already listed stock company on Nasdaq into one that holds Solana, Solana Co.
🚨 Pantera Capital is planning to raise up to $1.25B to acquire a Nasdaq-listed company, rename it “Solana Co”, and use its cash reserves to accumulate $SOL. https://t.co/wPyDnxmn2v pic.twitter.com/HQhPZkXjMY
— Solana Daily (@solana_daily) August 26, 2025
The plan starts with an initial capital increase of $500 million, and after setting options on warrants, it is possible to raise an additional $750 million. Should this be successful, it would represent one of the largest Solana-centric treasury vehicles ever created.
The proposed firm would make Solana a corporate treasury asset, which would allow traditional investors to access the blockchain platform through a corporate vehicle. Pantera is supposed to invest 100m of its own money to implement the venture.
Pantera Capital Expands Digital Asset Treasury Investments
This is the next step after Pantera’s previous investments in digital asset treasury (DAT) vehicles. In an earlier disclosure this month, the firm revealed that it has already invested over $300 million in over ten companies focusing on DAT. These are Twenty One Capital, DeFi Development Corp, and SharpLink Gaming, among other firms that have token reserves in their balance sheets.
Pantera has also recently invested in Sharps Technology the founder of which is raising $400 million for a Solana-based treasury fund. This institutional awakening highlights an increasing sense of long-term potential among more traditionally institutional-based global investors.
Public Companies Expand Solana Treasury Holdings
Other companies are taking examples after them Listed companies also have expanded their holdings of Solana, including DeFi Development Corp and Upexi. Real estate company DeFi Development Corp is a holder of more than 163,000 SOL after doubling its allocation in July. In the meantime, Canadian firms, such as Torrent Capital and SOL Strategies have more than $68 million worth of SOL in their possession.
As per CoinGecko, Solana’s public treasury holdings now total more than $695 million, which is roughly 0.69% of the tokens’ circulating supply.
Solana Treasury Strategy Gains Competitive Momentum
Pantera is not the only one aggressively penetrating the Solana treasuries. Galaxy Digital, Jump Crypto, and Multicoin Capital are reported to be developing a similar fund to raise up to a billion dollars. They scheme to seize control of one of the Nasdaq-listed companies and become a second digital asset treasury vehicle.
Cantor Fitzgerald has since been reported as the banker behind the deal although there are prospects of the Solana Foundation providing support. With this transaction in finalization, this could make the most enormous treasury of Solana which may be twice its corporate reserves.
Market analysts indicate that such large-scale treasury strategies might constrain solvency, exert value pressure, and increase volatility. Although the asset has experienced significant price fluctuations in recent weeks and recorded relatively tame short-term growth, institutional life in the asset seems to be gaining momentum in the long term.
