Pantera Capital plans to raise $1.25 billion to acquire a publicly listed company to transform it into a Solana investment and rename it "Solana Co."

ChainCatcher news, according to Cointelegraph, the crypto fund Pantera Capital plans to raise up to $1.25 billion to acquire a Nasdaq-listed company and rename it "Solana Co".

The company will focus on accumulating Solana ($SOL) and further developing the Solana ecosystem.

In related news yesterday, Sharps Technology announced a private placement of over $400 million to establish a financial strategy for Solana digital assets.