The $5.2 billion asset management giant is eyeing FTX’s discounted SOL stack worth around $5.4 billion.
Pantera Capital, a crypto-focused asset management firm, is reportedly raising money to buy Solana tokens from the estate of the bankrupt FTX exchange.
Pantera is seeking funds for the Pantera Solana Fund, and it aims to purchase up to $250 million worth of Solana’s (SOL) tokens, according to marketing materials sent to prospective investors seen by Bloomberg.
Pantera is seeking to buy part of FTX’s SOL holdings at $59.95, which is 57% lower than its price of $142 per token at the time of writi. As part of Pantera’s investment opportunity, prospective investors must agree to a vesting period of up to four years.
