According to Bloomberg’s report, Pantera Capital is actively seeking investment to acquire Solana (SOL) tokens at a discount from the FTX bankruptcy estate.
The firm aims to establish the Pantera Solana Fund, targeting up to $250 million in SOL tokens, offering them to investors at a substantial markdown.
The investment firm proposes a unique opportunity for large-scale investors by offering Solana tokens at 39% below their 30-day average price, equating to $59.95 per token.
Interested parties are expected to commit a minimum of $25 million to the fund, which includes a management fee of 0.75% and a performance fee of 10%. The arrangement also requires a 4 year investing period for the purchased tokens.
Solana’s market performance has seen a significant surge, with a 614% increase this year, trading around $145.13 at the time of reporting. This surge is notable given Solana’s association with Sam Bankman-Fried, FTX’s former CEO, who was a major investor in the cryptocurrency.
The FTX estate holds approximately 10% of SOL’s total supply, and the sale facilitated by Pantera could provide crucial liquidity for FTX’s creditors.
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