Pantera Capital to Raise Funds for Buying Discounted Solana Tokens from FTX Estate

Pantera Capital, a leading crypto-focused asset manager with a $5.2 billion valuation, is in the process of raising funds from large investors. The purpose is to purchase deeply discounted Solana tokens from the bankrupt digital-asset exchange FTX's estate. The initiative, known as the Pantera Solana Fund, is offering investors the opportunity to buy up to $250 million worth of SOL tokens from the FTX estate at a significant discount. As disclosed in marketing materials from February, the investors have the option to purchase SOL at a 39% discount below the 30-day average price or at a fixed price of $59.95. However, this discounted opportunity comes with the condition that investors must adhere to a vesting period of up to four years. This move signifies Pantera Capital's strategic approach to capitalize on undervalued digital assets while providing exclusive investment opportunities to its client base.