Categories: Market

Pantera Capital Raises $ 600 Million for New Crypto Fund

Cryptocurrency investment firm Pantera Capital raised $ 600 million for its fourth fund, with about 75% of the capital coming from institutional investors.

Dan Morehead – CEO of Pantera Capital

Institutional support marks a major shift from the company’s $ 175 million fund in 2018, which was largely funded by wealthy crypto investors.

Pantera expects the fund to close its $ 1 billion financing round in March, citing an unnamed source. The fund will provide venture capital, introduced cryptocurrencies and tokens in development.

Pantera was founded in 2003 by Tiger Management alum Dan Morehead as a global hedge fund before moving to digital currencies after a decade of doing business. The company has backed more than 80 early-stage blockchain companies and 65 token exchanges in a portfolio that includes payment company Circle, exchange Coinbase, and Ripple, which issued XRP.

In September, Pantera raised $ 369 million for its new blockchain fund. As of August, the company had assets of $ 4.7 billion under management.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Coindesk

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Previous post15% of the Bitcoin supply has been lost, will the price continue to fall?

CoinX

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

2 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

18 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

46 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

1 hour ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

2 hours ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

3 hours ago

This website uses cookies.