COINOTAG News (Aug. 26), citing The Information, reports that cryptocurrency fund Pantera is reportedly seeking to raise up to $1.25 billion to convert a publicly traded vehicle into a dedicated Solana investment firm. The proposed capitalization would support concentrated SOL acquisitions and establishment of a treasury focused on Solana exposure, per the report. Separately, market sources indicate that Galaxy Digital, Multicoin Capital and Jump Crypto have engaged potential investors about raising roughly $1 billion for large-scale SOL accumulation. These developments underscore growing institutional interest in constructing significant on-chain treasuries, while specific terms and timelines remain subject to confirmation by the firms involved.
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Source: https://en.coinotag.com/breakingnews/pantera-plans-up-to-1-25b-solana-fund-as-galaxy-multicoin-jump-eye-1b-in-sol-acquisitions/