Pantera Capital raises $250M for Solana Fund to buy FTX's 41.1M SOL tokens at 39% discount.

Pantera Capital, a $5.2 billion crypto-focusing asset manager, is raising funds for the Pantera Solana Fund to buy up to $250 million worth of Solana tokens from FTX's bankrupt estate at a 39% discount. The FTX estate holds 41.1 million SOL coins, worth $5.4 billion. This transaction may help FTX liquidators to begin repaying the exchange's investors in the final stages of its bankruptcy process.

March 07, 2024
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