Pantera Capital, a cryptocurrency-focused investment company with 5.2 billion assets, wants to acquire some of the Solana (SOL) assets of the bankrupt FTX.
by Bloomberg March 7 According to a news report published on Pantera Capitalbankrupt cryptocurrency exchange FTX It rolled up its sleeves to acquire $250 million of its Solana assets.
In a note to investors, the company said: Pantera Solana Fund He stated that they are looking for Solana for the company and that this can be achieved through the assets held by FTX.
In the offered offer, Solana assets are priced below the 30-day average price. 39% under or from $59.95 they tried to buy but in return A 4-year vesting (locking period) It was stated that it could happen.
FTX, which is currently struggling with the bankruptcy court, either sells its assets to such investment firms at a cheaper price than its value in order to repay its creditors, or transfers them to the stock exchanges through market makers and sells them. While Solana, which has a surplus in FTX’s holdings, is struggling with selling pressure, the purchases of companies such as Pantera Capital are interpreted as positive news.
According to CoinGecko data, SOL, stimulated by the news flow, quickly 4% rising $138.5 from level for $144 reached.