1. Pantera Capital: $1.25 Billion for Public Solana Treasury
Overview: Pantera is leading a major fundraising drive to transform a Nasdaq-listed company into a Solana-focused treasury vehicle, tentatively called “Solana Co.”
Structure: The plan includes an initial $500 million raise, followed by up to $750 million via warrants. Pantera will contribute $100 million of its own capital.
Significance: This move could create the largest publicly traded Solana treasury, surpassing all existing corporate treasury holdings in aggregate.
Three major crypto players—Galaxy Digital, Jump Crypto, and Multicoin Capital—are collaborating to raise up to $SOL 1 billion for a dedicated Solana treasury.
This signals strong institutional belief in Solana’s long-term potential, especially given its scalability and DeFi/NFT popularity.
3. Sharps Technology Raises $400 Million
Sharps Technology, a small-cap medical device company, has pivoted into crypto by raising $400 million through a private investment in public equity (PIPE) to establish a Solana treasury.
The announcement drove its stock price up by nearly 96%. The raise was backed by notable crypto investors including ParaFi, Pantera, FalconX, CoinFund, and Arrington Capital, and includes a $SOL 50 million allotment from the Solana Foundation at a 15% discount.
4. Upexi Hits Over 2 Million SOL Holdings
Upexi Inc., a diversified brand owner, significantly expanded its Solana holdings by +172% in July, reaching over 2 million SOL, funded through $SOL 200 million in convertible note issuance and equity offerings. #SOLTreasuryFundraising