Pantera Capital Makes Solana Its Biggest Bet Pantera Capital has placed its largest bet on Solana (SOL), holding $1.1 billion worth of the token, founder Dan Morehead revealed in an interview with CNBC . Solana now represents the top position in the firm’s portfolio, overtaking other blockchain projects. Morehead described Solana as “the fastest-growing and most resilient blockchain of the past four years,” adding that its performance has outpaced even Bitcoin during that period. “We think that only a few blockchains will emerge as long-term winners — Bitcoin, Ethereum, and Solana are at the top of that list,” he said. He also forecast that Bitcoin could climb to $750,000 within the next 4–5 years, pointing out that it still represents only a small share of global wealth. Institutions Turn Toward Solana Institutional interest in Solana has been accelerating throughout 2025. In July, BIT Mining announced it was shutting down Bitcoin mining operations to transition fully into the Solana ecosystem, with plans to raise up to $300 million for acquiring SOL and building validator infrastructure. The following month, US medical equipment maker Sharps Technology raised about $400 million through a private placement to establish a Solana-based reserve. The announcement sent the company’s shares soaring more than 40%. Billions Flow Into Solana Treasuries In September, two more companies announced major commitments to Solana: Forward Industries pledged $1.65 billion to create a corporate treasury in SOL. Helius Medical Technologies secured more than $500 million to build its asset base in the blockchain. With multiple corporations and funds building reserves in SOL, Solana is increasingly positioning itself as a preferred choice for treasuries — alongside Bitcoin and Ethereum. Morehead argues this trend will only strengthen: “Institutions are recognizing that Solana offers the speed and efficiency they need. That’s why we see so much capital flowing into its ecosystem.”
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