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 11:55AM

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.

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Bitcoin tumbles toward $65,000 as crypto may be “forced to go through a painful metamorphosis”

The AI trade is “sucking all the oxygen out of the room,” one analyst wrote.

ITALY-BITCOIN-COMPRO-EURO-CRYPTOCURRENCY

Sage D. Young6/2/26

Solana falls to a more than 3-month low

The price of solana has been struggling, dipping below $76 briefly on Tuesday, a level not seen since February.

Despite the underlying asset suffering, solana ETFs saw $115 million of inflows in May, the highest monthly figure in 2026, data from SoSoValue shows. The investment vehicles have brought in a total of $1.1 billion since their inception last year and have yet to record a monthly outflow.

However, positive ETF flows haven’t swayed traders, who are increasingly negative: prediction market-implied odds of solana dropping under $60 in the year stand at 60%, an increase from 45% three weeks ago.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy

June Gloom

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Bitcoin falls below $68,000 as bitcoin ETFs hit record losing streak

Strategy’s sale of 32 bitcoin may be small in number but it’s big in impact on market sentiment.