Pantera Capital is reportedly interested in buying up to $250 million worth of SOL. by Katherine Ross /. March 7, 2024 02:15 pm. Pantera Capital CEO Dan Morehead | DAS 2022 New York by Blockworks. Pantera is reportedly looking to raise funds from large investors to buy up discounted Solana tokens from the FTX estate.. Pantera wants to create the Pantera Solana Fund, Bloomberg reported. The report cited marketing materials from Pantera, which said that the fund could buy up to $250 million worth of the tokens from FTX.. Prospective investors would agree to a vesting period of four years to buy Solana (SOL) at 39% below a 30-day average, or $59.95, Bloomberg said. Investors would put in at least $25 million and would be charged a management fee of 0.75% by Pantera. Additionally, there would be a 10% performance cut.. Pantera Capital didn’t immediately return a request for comment on the report.. Read more: Bankman-Fried’s crypto portfolio would be up billions this year — thanks to Solana. FTX holds roughly 10% of the total supply of SOL, or 41.1 million coins, according to the marketing documents cited.. Pantera was looking to close the fund by the end of February. An unnamed source confirmed to Bloomberg that it had raised some money, though a specific figure was not disclosed.. Solana is up over 614% this year, according to data from CoinGecko. SOL was trading around $145, up 12%, at the time of publication.. The token was one of former FTX CEO Sam Bankman-Fried’s biggest investments. At his trial in November of last year, he even revealed that he’d been buying Solana back when it was worth roughly $0.20.. Don’t miss the next big story – join our free daily newsletter.. Tags. FTX. Pantera Capital. Sam Bankman-Fried. SOL. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. The Avalanche Network is well on its way to becoming the best platform to build high-performance blockchains that can seamlessly interact with each other, and the strong focus on performant and scalable blockchains will likely be Avalanche’s competitive advantage.. by Dan Smith. more from news. Select a tab. The SEC delayed rule change proposals from Cboe, NYSE and Nasdaq to list options related to the bitcoin ETFs. by Katherine Ross /. March 7, 2024. Core Scientific said the possible revenue from its multi-year deal with cloud provider CoreWeave exceeds $100 million. by Ben Strack /. March 7, 2024. The startup’s cloud service uses hardware optimized for blockchains. by Jack Kubinec /. March 7, 2024. Ether isn’t exactly close to record highs, but some validators are still making a move. by David Canellis /. March 7, 2024. FINRA should abandon its misguided attempt to seek indirect oversight over its members’ non-securities crypto assets. by William Brannan&Ethan Silver /. March 7, 2024. While a date was not included, Wormhole did divulge that 617 million W tokens will be allocated to the community. by Katherine Ross /. March 6, 2024