Pantera Capital is doubling down on Solana. Speaking on CNBC, founder Dan Morehead announced the launch of Solana Digital Asset Treasury, a new investment vehicle that will trade on NASDAQ and give traditional investors direct exposure to the blockchain.
Morehead argued that the product is designed to remove barriers that have kept many from participating in Solana’s ecosystem. Instead of navigating wallets or staking platforms, investors will be able to purchase shares through regular brokerage accounts. The treasury is also expected to deliver yields comparable to Solana’s on-chain rewards, which currently hover around 7%.
In his interview, Morehead pointed out that Solana has dramatically outpaced Bitcoin’s performance over the last four years. While comparing Ethereum and Solana, he noted that each blockchain serves different purposes, but praised Solana for its speed, efficiency, and low-cost transactions.
Pantera is already one of the largest institutional holders of Solana, with roughly $1.1 billion worth of tokens in its portfolio. Morehead stressed that Solana’s current market capitalization—about one-twentieth the size of Bitcoin—creates room for significant growth. He suggested the asset could deliver stronger long-term returns than both Bitcoin and Ethereum.
Despite his bullish stance on Solana, Morehead remains optimistic about Bitcoin’s trajectory as well. He predicted that the leading cryptocurrency could climb to $750,000 within the next four to five years, with the potential to eventually cross the $1 million threshold.
The announcement marks a pivotal moment for Solana, which continues to gain traction among institutional players. If successful, the new treasury could expand access to the blockchain’s ecosystem while strengthening its reputation as a high-performance alternative to more established networks.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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