Pantera Capital founder Dan Morehead in 2017 (Steve Jennings/Getty Images)

Pantera Capital to raise $1.25 billion for solana treasury

Pantera itself plans to invest $100 million in the new venture, according to The Information.

8/26/25 10:55AM

Solana treasuries are continuing to gain momentum, and Pantera Capital wants to be the newest entrant, reportedly raising up to $1.25 billion to transform a Nasdaq-listed company into a solana treasury, according to The Information.

The new firm, to be named Solana Co., will raise an initial sum of $500 million, with the “ability to raise another $750 million through warrants.” This could represent the largest solana treasury in the world. Pantera itself plans to invest $100 million in the deal.

Solana, the sixth-largest crypto, with a $103 billion market cap, is down 3.4% in the past 24 hours.

Yesterday, Sharps Technology announced its goal to create “the largest Solana Digital Asset Treasury Strategy to date,” funded by a $400 million PIPE deal with the backing of several firms, including Pantera.

Pantera said earlier this month that it had deployed more than $300 million in digital asset treasury companies “across various tokens and geographies.”

In other solana news, Canary Capital filed an S-1 form with the SEC for a spot $TRUMP coin ETF today. The solana-based coin, launched in January, is down 88.7% since its launch.

“There is no assurance that interest in or demand for $TRUMP will continue to grow. A contraction in market interest, changes in political sentiment, or adverse publicity could result in increased volatility or a reduction in the price of $TRUMP, which could adversely impact the value of the shares,” the filing reads.

Sage D. Young

11/25/25

What will happen if bitcoin and ethereum hit key liquidation levels

Billions in forced liquidations have swept through crypto markets in Q4. Here are the major liquidation clusters on perpetuals protocol Hyperliquid where leverage may unwind.

Claire Yubin Oh11/25/25

BlackRock’s IBIT on track for its worst month of net outflows, as investors yank $2.3 billion from the bitcoin ETF in November

BlackRock’s iShares Bitcoin Trust ETF, the world’s largest bitcoin fund, is heading for its worst month of outflows since it launched in January 2024.

Investors have pulled over $2.3 billion (net) throughout November so far. The jitters come as bitcoin grapples with its worst downturn since 2022, when the entire crypto world shook following the fall of Sam Bankman-Fried’s FTX — bitcoin has dropped more than 40% from its October high as of Monday’s close.

With their soaring popularity redefining and legitimizing cryptocurrencies at an institutional level, spot bitcoin ETFs have become a key barometer of wider investor sentiment surrounding the digital currency — as well as risk assets more broadly.

Notably, spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust tend to see their inflows accelerate with rising prices, and amplify falling prices when outflows become dominant. Citi Research, cited by Bloomberg, found that this feedback loop sees a ~3.4% price drop for every $1 billion pulled out from bitcoin ETFs.

Yaël Bizouati-Kennedy

11/21/25

Bitcoin’s bloodbath slowed by Fed optimism, but as Citi analysts put it, crypto is “having a bit of a meltdown”

Bitcoin ETFs have seen $1.45 billion leave the funds this week so far.