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 <p>Crypto asset manager Pantera Capital has reportedly won a bid to purchase discounted Solana (SOL) from bankrupt crypto exchange platform FTX.</p>
 <p>According to a new report by Bloomberg, an anonymous person familiar with the matter says that Pantera won a bid to purchase a discounted stash of the Ethereum (ETH) rival.</p>
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 <p>Though the details of the deal haven’t been made public yet, the person says that 2,000 SOL tokens were sold this week. Earlier in April, FTX sold about 66% of its $2.6 billion trove of SOL at a discounted price of about $60.</p>
 <p>SOL is trading for $142 at time of writing, a 1.85% decrease during the last 24 hours. On November 1st, SOL was trading for just $41.40.</p>
 <p>The report says that the Solana sold by FTX is locked by an agreed-upon vesting period and will have to be held for at least four years.</p>
 <p>Though the exact specifics of the sale are currently unknown, the anonymous source said that the tokens were each sold at a higher price than they went for during the last auction, which was $60.</p>
 <p>In March, Pantera announced that it was going to fundraise $250 million as a means of purchasing Solana from the failed digital asset exchange. The firm originally planned to have the money by February but could not meet that deadline.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pantera-capital-wins-bid-to-purchase-a-stash-of-discounted-solana-from-bankrupt-crypto-exchange-ftx-report-tbt86708.html">https://thebittimes.com/pantera-capital-wins-bid-to-purchase-a-stash-of-discounted-solana-from-bankrupt-crypto-exchange-ftx-report-tbt86708.html</a></p>

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

TheBitTimes

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