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 (SOL) tokens from the estate of the bankrupt FTX exchange.
Pantera is seeking funds for the Pantera Solana Fund, aiming to buy up to $250 million worth of 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 compared to today’s price of $142 per token. As part of Pantera’s investment opportunity, prospective investors must agree to a vesting period of up to four years.
