Pantera founder: Holds $1.1 billion in Solana, the company's largest crypto position

ChainCatcher news, Pantera Capital founder Dan Morehead stated that Solana is currently the company's largest crypto position, with a total holding size of approximately $1.1 billion, accounting for 23% of its managed assets. Morehead emphasized that the blockchain industry will not be a "winner-takes-all" scenario, and in the future, there may only be a handful of mainstream Layer 1s surviving, including Bitcoin, Ethereum, and Solana.

He pointed out that Solana can process 9 billion transactions daily, surpassing the total of global capital markets, so there is no need to wait for the "next better alternative." Morehead also predicted that Bitcoin could rise to $750,000 in the next 4 to 5 years, and since Solana's current market cap is only 5% of Bitcoin's, its long-term performance is expected to outperform Bitcoin.

According to market news, Pantera announced that it will jointly participate with Summer Capital in a private placement financing for Nasdaq-listed Helius Medical Technologies, with a scale exceeding $500 million, aimed at establishing a Solana treasury company.