Pantera Raises $134M for Its Bitcoin Fund

“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead. Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund.According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors.“We want to provide liquidity for people that are kind of giving up because....

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....

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,....

Investment firms Fortress Investment Group (FIG), Benchmark Capital and Ribbit Capital have teamed up with Pantera Capital to launch a bitcoin investment fund. The new fund will be known as Pantera Bitcoin Partners LLC and, as the name implies, it will be controlled by Pantera. Fortress, Ribbit Capital and Benchmark Capital will be minority equity partners. Fortress became the first Wall Street investment firm to enter the bitcoin space. Last year it was rumoured to be acquiring bitcoins and a regulatory filing published in February revealed it had set aside $20m for bitcoin investments in....

Pantera Capital CEO Dan Morehead expects the $1.3 billion blockchain fund to close over the next “three or four weeks” once the due diligence from large institutions has been wrapped up. Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms and tokens with strong liquidity. It has since surpassed that target significantly, with the firm revealing last....