Crypto News- Venture powerhouse Pantera Capital clinched a sweet deal in the recent FTX exchange bankruptcy auction, snagging an undisclosed stash of Solana tokens at a bargain. While the auction’s specifics remain under wraps, Pantera, alongside heavyweights like Galaxy Digital, had previously pumped around $1.9 billion into SOL tokens earlier this month. Talk about confidence!
FTX Bankruptcy Auction: Pantera Capital Makes Power Play for Solana Tokens
These savvy purchases come as no surprise, given whispers last month that Pantera was gearing up to drop a cool $250 million on locked Solana tokens. Clearly, they’re betting big on Solana’s potential.
Pantera’s foresight seems to be paying dividends, especially with Solana’s stellar price performance and growing adoption. Their Liquid Token fund boasted a jaw-dropping 66% surge in Q1, thanks to strategic bets on Solana and other rising altcoins like Ribbon Finance, Aevo, and Stacks.
But it’s not all sunshine and rainbows. FTX’s fire sales of digital assets from its bankruptcy estate have raised eyebrows among creditors, who feel their holdings are taking a hit. Now, they’re being nudged to join the fray in the auction for FTX’s remaining Solana tokens. Wonder if any of them took the plunge this time around?
Pantera Capital Unveils Ambitious $1 Billion Pantera Fund V for Blockchain Investments
In the midst of all this action, Pantera’s also cooking up something big: the Pantera Fund V. They’re gunning to raise a whopping $1 billion for this new venture, a one-stop shop for blockchain asset investments. Unlike their previous offerings, this fund’s casting a wider net, spanning venture equity, early-stage tokens, and liquid funds. Partners need to pony up a minimum of $25 million, while high rollers can get in on the action with a cool $1 million. Looks like Pantera’s doubling down on their crypto bets, and they’re not holding back!
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