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Pantera Capital has reportedly secured additional Solana tokens through the FTX bankruptcy estate’s auction, as per Bloomberg. The acquisition comes amid strong demand for FTX’s locked Solana tokens, totaling 41 million.
With assets under management reaching $5.2 billion, Pantera Capital emerged victorious in bidding for approximately 2,000 Solana tokens this week, as disclosed by a source familiar with the situation.
FTX’s Solana holdings constituted a significant portion of its crypto assets before its collapse, attracting considerable interest from institutional investors. In early March, reports surfaced that Pantera was in the process of raising funds to establish a dedicated fund for acquiring up to $250 million worth of locked Solana from the estate.
This recent acquisition follows FTX’s previous sale of approximately $1.9 billion worth of SOL to industry firms like Galaxy Digital and Pantera.
As of the time of reporting, Solana’s trading price stands at around $143, reflecting a 2.35% decrease over the past 24 hours, according to available data.
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