Pantera acquires additional discounted Solana tokens in FTX bankruptcy auction: report

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 16 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Companies News

Exchanges,Finance Firms,FTX

Pantera was among the investors who won the bids for solana tokens at the FTX estate’s auction, Bloomberg reported.

Pantera Capital, which maintains $5.2 billion in assets under management, has won the bid for another trove of Solana tokens from the FTX bankruptcy estate, according to Bloomberg.

FTX’s 41 million locked Solana has seen strong demand. The Solana tokens made up the largest percentage of FTX’s crypto holdings at the time of its collapse. As of early March, Pantera was reportedly raising money to create a fund to purchase up to $250 million worth of locked Solana from the estate.

Exchanges Finance Firms FTX Investment Firms

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana (SOL) Institutional Appeal Skyrockets as Grayscale Solana Trust SurgesGrayscale Solana Trust's value surge shows increasing institutional interest in Solana (SOL)
Source: Utoday_en - 🏆 295. / 63 Read more »

Binance Announces Expanded Support for Solana Meme Coins WIF and BOMEBinance catapults into Solana meme coin craze, unveiling expanded support for Solana's WIF and BOME
Source: Utoday_en - 🏆 295. / 63 Read more »

Solana Whales Shift $123 Million in SOL - What's Happening?Solana price consolidates amid massive Solana transfer worth around $123.1 million
Source: Utoday_en - 🏆 295. / 63 Read more »

Solana network 'nowhere near where we expect it to be' — Solana Foundation execHead of strategy at Solana Foundation, Austin Federa, addresses widespread criticisms regarding Solana’s network outages and highlights potential solutions.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Pantera Capital posts 66% gain for crypto fund last quarter, despite selling Bitcoin: BloombergDespite selling off some of its 'heavy' reserves of Bitcoin, Pantera's investments in Solana and these other small tokens paid off.
Source: TheBlock__ - 🏆 464. / 53 Read more »

FTX estate's $7.5 billion sale of locked solana attracts strong interestThe FTX estate's sales of locked solana have seen strong demand, according to multiple sources, with multiple funds vying for the tokens.
Source: TheBlock__ - 🏆 464. / 53 Read more »