Major Crypto Firms Plan Billion-Dollar Solana Treasury Push as Institutional Interest Surges
There is an unprecedented flood of institutional investment in Solana treasuries in the cryptocurrency business. At the same time, many
Quick overview
- Institutional investment in Solana treasuries is surging, with major players like Pantera Capital and Galaxy Digital leading initiatives to raise billions.
- Pantera Capital aims to create a 'Solana Co.' by raising $1.25 billion to hold Solana tokens as treasury assets.
- A consortium of crypto giants is working to establish a $1 billion treasury fund dedicated to purchasing and holding Solana.
- The influx of institutional interest highlights Solana's strong staking yields and growing popularity, but raises concerns about market stability due to concentrated holdings.
There is an unprecedented flood of institutional investment in Solana treasuries in the cryptocurrency business. At the same time, many billion-dollar projects are starting up as companies strive to take advantage of the blockchain’s expanding popularity and high staking payouts.
Pantera Capital Leads $1.25 Billion Treasury Initiative
Reports say that Pantera Capital wants to raise up to $1.25 billion to turn a corporation listed on the Nasdaq into “Solana Co.,” a public vehicle formed just for holding Solana tokens as a treasury asset. Reports from The Information say that the ambitious plan would start with a $500 million raise and then get an extra $750 million through warrants.
This is a follow-up to Pantera’s recent announcement that it had covertly put about $300 million into digital asset treasury organizations “across various tokens and geographies” to make money and increase net asset value. The company stressed that “the long-term investment merit of the underlying token” is the most crucial part of a DAT’s success.
Crypto Giants Unite for $1 Billion Fund
In a similar move, three of the most important companies in the industry—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in talks to raise about $1 billion for a treasury fund that will only purchase and hold Solana. The Solana Foundation is behind the endeavor, which would create the largest reserve of its sort for the digital asset.
The consortium has hired Cantor Fitzgerald to be the main banker for the deal, which is to buy a publicly traded company whose name has not been made public. If the purchase goes through, it should conclude in early September and be far bigger than what Solana now has in its treasury.
Sharps Technology Secures $400 Million Investment
Sharps Technology revealed the price of a private placement offering worth more than $400 million to set up what it hopes would be the largest Solana digital asset treasury strategy. This added to the momentum. The company got support from top banks and digital asset market players like ParaFi, Pantera, Monarq, FalconX, and many other well-known investors.
The offer includes common stock and warrants, each costing $6.50. The warrants can be exercised for three years at $9.75. The Solana Foundation has promised to sell the company $50 million worth of SOL at a 15% discount to the 30-day time-weighted average price. This shows that institutions support the project.
Why Are Solana Treasury Plans Surging?
The increase in activity in the Solana treasury shows that the blockchain has strong underpinnings and good yield potential. Solana presently has the highest staking yields of the top five major blockchains, at about 7%. This means that institutional investors can make more money than they would with traditional treasury dividends.
Solana is now the fastest and most popular public blockchain in the world. It processes more transactions and makes more on-chain fee money than all other blockchains put together. In 2024, the network attracted more than 7,500 new developers, making it the blockchain ecosystem with the most developers. So far this year, there have been an average of 3.8 million active wallets every day.
Existing Players Expand Holdings
This trend isn’t just happening with new companies; it’s also happening with current Solana treasury companies who are making big investments. DeFi Development Corp has signed final agreements for a $125 million stock offering with a share price of $12.50. This is in addition to the more than $370 million the company raised in 2025. The business already owns more over 163,000 SOL, which is worth around $21 million. It has also set up a $5 billion equity line of credit for future purchases.
Other companies that are trading on the stock market have also switched to Solana tactics. Classover has started a $500 million convertible note program to buy and stake SOL. Canadian companies SOL Strategies and Torrent Capital own $62 million and $6.4 million in Solana, respectively.
Market Impact and Risks
Right now, public Solana treasuries possess more than $695 million worth of SOL, which is about 0.69% of the total supply. But if all of the suggested projects go through, one person may end up with more Solana than all of the current public treasuries put together. This would change the way the market works.
Shawn Young, the head analyst at MEXC Research, said, “The effect won’t just be about size; it will also be about symbolism.” “This would make people think that Solana is moving from being a chain that only serves retail customers to one that has real institutional support at scale.”
But the concentration of holdings makes people worry about the stability of the market. Young warned that “one entity controlling that much liquidity could distort how Solana trades,” which could make the free float smaller and make prices more volatile during times of stress.
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