Pantera founder: already holds $1.1 billion Solana, the company's largest crypto position

Odaily Planet Daily News Pantera Capital founder Dan Morehead said Solana is the company's largest crypto position at present, with a total holding of approximately $1.1 billion, accounting for 23% of its assets under management. Morehead stressed that the blockchain industry will not be a "winner-takes-all" pattern, and there may only be single-digit mainstream Layer 1 in the future, including Bitcoin, Ethereum, Solana, etc. He noted that Solana can process 9 billion transactions per day, which has exceeded the global capital market combined, so there is no need to wait for the "next better alternative". Morehead also predicts that Bitcoin may rise to $750,000 in the next 4-5 years, and its long-term performance is expected to outperform Bitcoin as Solana's current market capitalization is only 5% of Bitcoin. According to reports, Pantera announced on the same day that it would participate in the private placement financing of Nasdaq-listed Helius Medical Technologies with Summer Capital, with a scale of more than US$500 million to establish Solana Treasury Company. (TheBlock)