According to The Information, Pantera Capital is planning to establish a Solana 
$84 treasury company publicly traded in the US, with the aim of raising up to $1.25 billion. The plan involves transforming a public company into “Solana Co.” and initially gathering $500 million, followed by warrant issuances raising an additional $750 million. If successful, this initiative could lead to the creation of the largest corporate Solana treasury company globally, surpassing the current 3.44 million SOL (approximately $650 million) managed by public companies. This news emerged shortly after Galaxy Digital, Jump Crypto, and Multicoin Capital announced a joint treasury project targeting $1 billion to accumulate SOL.
Financial Framework of the Solana Co. Plan
Pantera Capital’s strategy revolves around converting a US-listed entity into “Solana Co.” with an initial $500 million capital injection. Subsequently, the aim is to reach a total of $1.25 billion through $750 million in warrant issuances. The model focuses on the construction of a publicly-traded, scalable treasury infrastructure centered directly on Solana accumulation.
Currently, publicly traded companies manage approximately 3.44 million SOL assets. Pantera Capital’s plan stands out with its potential to surpass this level. The timing aligns with trends indicating the growth of cryptocurrency treasuries in US-listed corporate structures, highlighting market expansion through publicly traded instruments.
Pantera Capital’s plan follows news reported by Bloomberg that Galaxy Digital, Jump Crypto, and Multicoin Capital are leading a Solana-focused treasury project with a $1 billion target.
Investments Exceeding $300 Million in Cryptocurrency Treasury Firms
Pantera Capital recently announced over $300 million investments in cryptocurrency treasury firms. On Monday, it revealed participation in a $400 million private placement for Sharps Technology’s efforts to establish a Solana reserve. According to Pantera Capital, cryptocurrency treasury structures have potential to generate returns, enhancing net asset value per share, thereby eliminating the need to hold coins or tokens directly and offering higher return potential compared to cryptocurrency ETFs.
Pantera’s cryptocurrency treasury portfolio encompasses companies focused on Bitcoin 
$77,420, Ethereum 
$2,287, Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena. These companies are located in various countries, with their main goal being to increase cryptocurrency assets over time through accrued return mechanisms.
