Quick Takeaways
- Pantera now holds $1.1 billion in Solana, its largest crypto position
- Solana is processing more daily transactions than traditional markets
- A new public investment vehicle could give retail investors easier access
Solana Is Now the Star of Pantera’s Crypto Portfolio
It’s official, Solana has taken the top spot in Pantera Capital’s portfolio.
In a recent CNBC interview, Pantera’s founder, Dan Morehead, shared that the firm now holds $1.1 billion worth of Solana.
That makes up nearly a quarter of its total assets, which stand at around $4.7 billion. It’s a huge statement from one of crypto’s most seasoned investors.
Now, this isn’t just a shift in numbers. It’s a major change in strategy. Pantera used to be all-in on Bitcoin, and later held large positions in Ethereum. But now, Solana is leading the charge, and for good reason.
According to Morehead, Solana is processing more transactions per day than all global capital markets combined, at a staggering 9 billion daily.
He sees it as not just faster, but more scalable and efficient than anything else out there today.
So while some might still wonder if one blockchain will dominate the future, Morehead doesn’t think it’s a winner-takes-all game.
He believes only a few Layer 1 blockchains will survive long-term, and Solana is clearly one of them.
Solana Is Getting More Accessible Than Ever
Let’s be honest, buying Solana hasn’t always been easy for regular investors. With no ETF and limited traditional investment options, most people either had to set up a wallet or use crypto exchanges. That’s starting to change.
Pantera is leading a new $500 million investment with Summer Capital into Helius Medical Technologies, a small Nasdaq-listed company. Together, they plan to launch a Solana-based treasury vehicle that retail investors can buy through a regular brokerage account, just like any stock.
Dan Morehead explained, “This is the first product we’ve ever offered that you can just go buy at your brokerage account.” That’s a big deal.
It means Solana won’t just be for tech-savvy traders anymore. Everyday investors can finally get a piece of it, no crypto wallet required.
Meanwhile, Pantera’s previous big bet, Telegram’s TON blockchain, didn’t quite go as planned.
After a brief surge in interest tied to mini-games, TON’s value dropped by over 60%. That sharp contrast may be part of why Pantera is going all-in on Solana now.
Bitcoin and Ethereum Still in the Spotlight
Even as Solana rises, Bitcoin and Ethereum aren’t out of the picture. In fact, they could see strong gains in the coming months, especially if the Federal Reserve starts cutting interest rates.
Tom Lee, Managing Partner at Fundstrat and Chair of BitMine, thinks Bitcoin and Ethereum are well-positioned to benefit from increased monetary liquidity.
Speaking on CNBC’s Closing Bell, he said that if the Fed cuts rates this fall like it did in September 1998 and 2024, it could trigger a powerful rally across crypto and tech.
According to Lee, Ethereum is more than just a token. He sees it as a “growth protocol” that will help power trends like AI, stablecoins, and financial innovation.
So while Pantera is focused on Solana right now, there’s plenty of room for other crypto giants to thrive too.
Solana Could Still Outperform Over Time
Looking ahead, Dan Morehead still sees a bright future for Bitcoin, predicting it could hit $750,000 within the next few years. But here’s the kicker: Solana’s market cap is only 5% of Bitcoin’s. That means it could have way more upside if adoption continues to grow.
So far, Solana’s combination of speed, efficiency, and growing developer activity has made it one of the most promising blockchains around. Now that institutions and everyday investors are both getting on board, Solana could play a much bigger role in the next phase of the crypto market.
