pantera-raises-additional-$5m-for-its-bitcoin-fund,-bringing-total-to-$134m

Pantera Raises Additional $5M for Its Bitcoin Fund, Bringing Total to $134M

Pantera Capital CEO Dan Morehead (Credit: CoinDesk archives)

Pantera Raises $134M for Its Bitcoin Fund

Cryptocurrency company Pantera Capital has raised $134 million for its bitcoin fund, in keeping with a create D submitting with the U.S. Securities and Alternate Price.

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Fashioned in 2013, the Pantera Bitcoin Fund Ltd. changed into once the predominant U.S.-primarily primarily based bitcoin fund. In an investor letter at the cease of 2017, Pantera boasted a 25,004% return on the fund, mainly because of this of the bitcoin bull urge of that year.
Goal honest nowadays, CoinDesk discovered that Pantera’s endeavor funds hadn’t fared neatly in comparability to the S&P 500.

The endeavor funds Pantera Capital raised in August 2013 and August 2014 acquire returned 46.5% and 15.9% from their inception to September 2019, respectively.
For certain, that efficiency could possibly per chance even acquire improved as of stupid because of this of bitcoin’s fresh bull urge. As of press time, the worth of bitcoin has risen around 159% year to this level.

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