Crypto Blog
Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital for the Pantera Solana Fund, which presents an attractive opportunity to purchase up to $250 million worth of SOL tokens from the FTX estate.
FTX, which entered Chapter 11 bankruptcy proceedings in US courts in November 2022, possesses 41.1 million SOL coins, valued at $5.4 billion as of Wednesday’s closing price. This accounts for about 10% of the total SOL supply, according to Pantera’s presentation. Investors must contribute a minimum of $25 million each, with the understanding that the SOL tokens they receive will be initially restricted and will unlock over a four-year period.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
True Classic CEO Ryan Bartlett Built The Ubiquitous $250 Million Brand Following This Unconventional AdviceI'm Megan, a therapist, executive coach, writer, and podcast host. After years of perfectionism-fueled depression, anxiety, and eating disorders, I discovered how to like myself, take risks, and find success without beating myself up to get there.
Read more »
Viral Response From Boston Restaurant Over $250 Reservation Fee'The decision to reach out to a customer with such a scolding and disparaging message is, frankly, astounding.'
Read more »
New Jersey lawmakers weigh raising gas tax, new $250 registration fee for electric vehiclesIt could be getting more expensive to drive electric vehicles in the Garden State.
Read more »
Jump for joy—get an iPad for $250 at Best Buy on Leap DayBrandt Ranj is an experienced writer for PopSci, covering topics such science, technology, news and gadget reviews.
Read more »
Sacramento, California’s capital, is also the capital of official sneakinessThe message to people of Sacramento: sneakiness is now official policy, and they can no longer rely on officials to be transparent.
Read more »
Pantera Looks to Purchase Discounted Solana Tokens With New Fund: BloombergShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »