Shaurya 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.
The firm is floating the Pantera Solana Fund to investors, stating it has an opportunity to buy up to $250 million of SOL tokens at a 39% discount below a 30-day average price of $59.95, Bloomberg said, citing documents sent to potential investors last month.
The purchased tokens would be vested for at least four years and could allow the FTX estate to liquidate its SOL holdings, freeing up funds for creditors. Pantera was aiming to close the fund by the end of February and raised some money by the deadline, as per the Bloomberg report. CoinDesk did not immediately get a reply seeking confirmation and additional information sent to Pantera’s press email address.
FTX was a crypto exchange owned by convicted fraudster Sam Bankman-Fried, an early Solana backer who held millions of dollars worth of the tokens. SOL was one of the top-performing major tokens in 2023, and is up nearly 600% over the past year, compared with bitcoin’s 200%.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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