Pantera Capital Wins Bid To Purchase a Stash of Discounted Solana From Bankrupt Crypto Exchange FTX: Report

Crypto asset supervisor Pantera Capital has reportedly received a bid to buy discounted Solana (SOL) from bankrupt crypto alternate platform FTX.

In accordance with a new report by Bloomberg, an nameless particular person conversant in the matter says that Pantera received a bid to buy a discounted stash of the Ethereum (ETH) rival.

Although the small print of the deal haven’t been made public but, the particular person says that 2,000 SOL tokens had been bought this week. Earlier in April, FTX bought about 66% of its $2.6 billion trove of SOL at a discounted value of about $60.

SOL is buying and selling for $142 at time of writing, a 1.85% lower over the last 24 hours. On November 1st, SOL was buying and selling for simply $41.40.

The report says that the Solana bought by FTX is locked by an agreed-upon vesting interval and must be held for not less than 4 years.

Although the precise specifics of the sale are presently unknown, the nameless supply mentioned that the tokens had been every bought at a greater value than they went for over the last public sale, which was $60.

In March, Pantera introduced that it was going to fundraise $250 million as a means of buying Solana from the failed digital asset alternate. The agency initially deliberate to have the cash by February however couldn’t meet that deadline.

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