Bitstamp Bitcoin Exchange Reportedly Received $10 Million Investment From Pantera
A new Bloomberg report indicates that bitcoin exchange Bitstamp has received an investment of approximately $10 million from Pantera Capital Management LP, a hedge fund that handles money for executives at Fortress Investment Group some time in late 2013. That pegs the funding as one of the largest in the bitcoin realm. The investment, led by Pantera's own Dan Morehead, came soon after an invite-only retreat in Lake Tahoe in which Morehead invited 30 entrepreneurs in the bitcoinosphere to discuss his plans. Bitstamp CEO Nejc Kodric being one of them. It's a highlight of just how closely....
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Bitcoin exchange Bitstamp received $10m in hedge fund investment last year, according to a new Bloomberg report. The money came from Pantera Capital Management LP, "the hedge fund that manages money for Fortress Investment Group LLC (FIG) executives", Bloomberg said. If true, it would be one of the largest single investments in a bitcoin-related business to date. Bitstamp has been a huge beneficiary of the collapse of Mt. Gox, multiplying its share of dollar trades by up to 50% since February. It now has at least 35% of the total bitcoin trade market share, according to bitcoincharts.....
Bitstamp, one of the oldest bitcoin exchange, has taken a somewhat unique step in offering ordinary investors equity with the aim of raising $1.2 million in return for 2% equity. Vasja Zupan, Chief Operating Officer at Bitstamp, told CCN: As Bitstamp has invested heavily to be fully licensed we are now focused on growth and product development. We see opportunity to get to the next level by relatively small investment. This investment need is probably too small for an established VC fund. Therefore we decided to invite qualifying investors to take a stake in Bitstamp on the....
New York City-based Fortress Investment Group, a publicly traded company, is reportedly planning to launch a bitcoin investment fund. It's being reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF). It appears that there might be some association between Fortress's effort and that of San Francisco-based Pantera Capital. Pantera, which has as clients some Fortress executives, has filed with the Securities and Exchange Commission (SEC) an investment advisor entity called Pantera Bitcoin Advisors, LLC. The filing shows Pantera Capital as the owner of the LLC,....
Pantera Capital’s new $25 million USD fund will invest in Brave Browser and Abra, two innovative Bitcoin-based apps. Pantera Capital’s New $25 Fund. Dan Morehead, founder and CEO of Pantera Capital, recently revealed details regarding their new investment fund in an interview with TechCrunch. While Bitcoin was the main focus of the interview, Morehead disclosed information regarding two of the companies that will receive new funding from Pantera Capital. Following the closure of the first fund, which amassed over $100 million USD in capital and invested in Bitcoin-based startups Xapo and....
Globe announced a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.