Pantera Capital, a prominent asset management firm specializing in cryptocurrencies, is actively seeking investments to acquire Solana tokens at a discounted price from FTX’s holdings. With assets totaling $5.2 billion, the firm aims to purchase up to $250 million in SOL tokens from FTX.

Investors participating in this opportunity can buy SOL at a 39% reduction from its 30-day average cost, specifically at $59.95, with a vesting term of up to four years. Currently, Solana is trading at over $145.

This investment strategy would allow FTX’s liquidators to divest SOL assets, generating liquidity for creditors without impacting the token’s market price immediately.

Pantera Capital’s investment brief revealed that the bankrupt exchange holds 41.1 million SOL coins valued at $5.4 billion, representing about 10% of SOL’s total market circulation.

Amidst Solana’s recent rally of over 600% in a year, the surge presents an opportunity for FTX to mobilize funds to settle creditor obligations. Notably, the coin’s market price has quadrupled since FTX’s collapse in November 2022. FTX’s co-founder and ex-CEO, Sam Bankman-Fried, a key supporter of the Solana ecosystem, awaits sentencing.

However, Pantera Capital is not the only firm eyeing this investment potential. Phoenix Digital LLC, a New York-based investment fund, is also vying to acquire SOL from the FTX estate, offering $64 per token, a 51% markdown from its recent market value.

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