Pantera-Led New SOL Treasury Company "Solana Co" to Launch Jointly with Li Lin's Avenir Group and Summer Capital

Blockbeats
08/27

BlockBeats News, August 27th. According to The Information, a new SOL treasury company named "Solana Co," led by Pantera Capital, will launch in partnership with Summer Capital and Avenir Group, two strategic Asian partners. Summer Capital, founded in 2017, is one of the earliest licensed financial institutions in Asia to engage in digital asset investments. Avenir Group, founded by Li Lin, is an emerging investment group focusing on financial innovation and investments in cutting-edge technology, with operations in the United States, United Kingdom, Japan, Singapore, and Hong Kong.

BlockBeats reported yesterday that cryptocurrency fund Pantera is seeking to raise up to $1.25 billion to transform a public company into a Solana investment company. Galaxy Digital, Multicoin Capital, and Jump Crypto are in talks with potential investors to raise approximately $1 billion for a significant SOL acquisition, making it the largest treasury focused on this digital token to date.

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