How Solana Gets to $2,000 | The Institutional Playbook Revealed w/ Cosmo Jiang

Nov 7, 2025

In this discussion, Cosmo Jiang, a General Partner at Pantera Capital and a key player in the Solana ecosystem, unveils how Solana might soar to a $2,000 valuation. He explores the growing attraction of institutions to Solana, contrasting it with retail investor trends. Jiang shares insights about Digital Asset Treasuries (DATs) and their role in boosting token value. He also highlights Pantera's pioneering efforts in developing a treasury strategy for Solana, positioning it for significant growth in the digital asset landscape.

45:16

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insights

INSIGHT

Solana Is Built For Billions Of Users

Solana targets mass-scale use by being fast, cheap, and highly scalable compared to earlier blockchains.
Cosmo believes Solana is the most realistic L1 to support billions of users and broad blockchain adoption.

question_answer

ANECDOTE

Pantera's Role In Starting DATs

Pantera helped seed the digital asset treasury movement after studying MicroStrategy and seeing the model's potential for other tokens.
That led Pantera to anchor the Solana treasury effort and replicate learnings from earlier DATs.

insights

INSIGHT

DATs Can Outperform Holding Spot

Digital asset treasuries (DATs) can grow tokens-per-share faster than spot holders by using capital strategies and yield.
Cosmo highlights that buying debt at a premium can still increase tokens per share through superior execution.

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Why Pantera pivoted to Solana

01:41 • 3min

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Pantera's approach: venture and liquid strategies

05:04 • 2min

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How Pantera helped launch the DAT trend

07:15 • 4min

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Why Pantera built a Solana treasury company

The DAT market moves from genesis to consolidation

12:55 • 4min

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Solana Company’s first-month performance

16:44 • 2min

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Capital structure and dry powder for growth

18:53 • 3min

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How DATs increase tokens per share

21:30 • 4min

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Are staking ETPs competition or complement?

25:31 • 3min

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Institutional vs retail: who's buying crypto now

How institutions are approaching Bitcoin vs blockchain tech

31:37 • 3min

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What retail investors misunderstand today

35:01 • 2min

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Market cycle perspective and long-term bullish case

37:30 • 3min

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Solana price thesis and $2,000 possibility

40:56 • 2min

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Cosmo's current focus and next steps

43:17 • 54sec

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Where to follow Cosmo and Pantera

In this episode, Cosmo Jiang (General Partner at Pantera Capital) breaks down exactly how Solana could grow into a multi-trillion-dollar asset, and why institutions are betting big while retail investors check out. We get into the rise of DATs, how Pantera’s Solana Company is outperforming top validators, and the secret playbook for growing Solana-per-share faster than simply holding spot.

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🎙 GUEST INFO 🎙

Cosmo Jiang: https://x.com/cosmo_jiang

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.

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