Pantera, Summer Capital and Avenir Form “Solana Co” to Raise $1.25B for Biggest SOL Treasury

According to The Information, a new SOL treasury vehicle named Solana Co is being established under the leadership of Pantera Capital alongside Asian strategic partners Summer Capital and Avenir Group. Summer Capital, founded in 2017, is among the early licensed financial institutions in Asia active in digital-asset investments, while Avenir operates across the US, UK, Japan, Singapore and Hong Kong.

COINOTAG reported that Pantera is seeking up to $1.25 billion to convert a public company into a dedicated SOL investment firm. Separately, Galaxy Digital, Multicoin Capital and Jump Crypto were cited in discussions to raise roughly $1 billion to fund a substantial SOL acquisition.

These reports reflect increased institutional interest in concentrated SOL treasuries; if completed, the initiatives would expand institutional-managed exposure to Solana. All figures and mandates are attributed to The Information and COINOTAG and remain subject to confirmation.