Crypto asset supervisor Pantera Capital has reportedly gained a bid to buy discounted Solana (SOL) from bankrupt crypto trade platform FTX.
Based on a brand new report by Bloomberg, an nameless particular person aware of the matter says that Pantera gained a bid to buy a reduced stash of the Ethereum (ETH) rival.
Although the main points of the deal haven’t been made public but, the particular person says that 2,000 SOL tokens have been bought this week. Earlier in April, FTX bought about 66% of its $2.6 billion trove of SOL at a reduced value of about $60.
SOL is buying and selling for $142 at time of writing, a 1.85% lower over the past 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 at the least 4 years.
Although the precise specifics of the sale are at the moment unknown, the nameless supply stated that the tokens have been every bought at the next value than they went for over the past public sale, which was $60.
In March, Pantera announced that it was going to fundraise $250 million as a method of buying Solana from the failed digital asset trade. The agency initially deliberate to have the cash by February however couldn’t meet that deadline.
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