Pantera Capital, a crypto asset manager has won an auction to buy discounted Solana.SOLFTX, the bankrupt cryptocurrency exchange platform.
A new study suggests that Reportage Bloomberg reports that an anonymous source familiar with the situation says Pantera has won the bid for a discount on a stash of Ethereum.ETH) rival.
The person said that although the specifics of the transaction have not been released yet, 2,000 SOL tokens had been sold in the past week. FTX had sold 66% (or $2.6 billion) of SOL tokens at a discount price of $60 in early April.
SOL currently trades for $142, a drop of 1.85% in the past 24 hours. SOL traded for $41.40 on November 1.
According to the report, the Solana sold at FTX will be locked in by a vesting period that has been agreed upon and must be held for a minimum of four years.
Although the details of the auction are not known, an anonymous source has said that each token was sold for a price higher than the $60 they were bought at during the previous auction.
In March, Pantera It announced that it would raise $250 million to purchase Solana, a digital asset from a failed exchange. Originally, the firm had planned to raise $250 million by February. However, it was unable to meet this deadline.
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