Pantera Capital, which invested in Bitcoin and eight altcoins, made a surprise move worth $1.25 billion for an altcoin!

Following Galaxy Digital, Jump Crypto, and Multicoin Capital’s joint $1 billion acquisition of Solana (SOL), another new move has come.

Accordingly, a similar move has now come from Pantera Capital, one of the giant names in the cryptocurrency industry.

According to The Information, Pantera Capital is preparing to create a treasury company, Solana, with a $1.25 billion investment.

Pantera Capital plans to raise up to $1.25 billion to spin off the publicly traded company into a Solana investment firm.

Pantera will acquire a Nasdaq-listed company and convert it into a Solana-focused investment firm.

This company could potentially be the largest Solana-focused treasury firm to date, as public companies currently hold 3.44 million SOL, worth approximately $650 million.

Pantera Capital had already announced several hundred million dollars in crypto treasury projects before the big Solana move. Earlier this month, Pantera announced it had invested over $300 million in digital asset treasury (DAT) companies.

Pantera’s DAT portfolio covers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Toncoin (TON), Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) treasury firms.

*This is not investment advice.