# Pantera Capital Prepping $1.25B Solana Treasury Firm: The Information

*Author: Bankless*
*Published: Aug 26, 2025*
*Source: https://www.bankless.com/read/pantera-capital-prepping-1-25b-solana-treasury-firm-the-information*

---

Pantera Capital is seeking to raise up to $1.25 billion to convert a publicly traded company into a Solana treasury vehicle, tentatively called* Solana Co.*, according to a report in [*The Information*](https://www.theinformation.com/articles/crypto-fund-pantera-seeks-raise-1-25-billion-solana-deal?rc=wri6lk).

### What’s the Scoop?
- **Big Raise:** The reported effort includes an initial $500 million capital raise, followed by $750 million via warrant issuance. Pantera plans to invest $100M in the fund.
- **Public SOL Play:** If successful, it would become the largest public Solana holder, surpassing the current 3.44M SOL ($650M) across all companies.
- **Follow the Leaders:** The move follows news that Galaxy, Jump, and Multicoin are targeting a joint $1B raise for a Solana DAT of their own.
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/pantera-capital-prepping-1-25b-solana-treasury-firm-the-information)*