Pantera Capital is an investment firm focused exclusively on Bitcoin, other digital currencies and companies in the space. Bitcoin is an entirely new thing – a “post-currency” ledger – that is borderless, secure, low-cost and which allows virtually instantaneous payment and transfer. The company believes that Bitcoin has the potential to transformthe way people use money, and that it will do for payments what the Internet has done for communications and commerce. Until 2014, Pantera focused on global macro hedge fund investments. The firm was founded in 2003 by Dan Morehead, who was chief financial officer and head of Macro Trading at Tiger Management. The firm has since shifted its investment advisory services to focus exclusively on Bitcoin, other digital currencies and companies in the space. Shareholders include Benchmark, Fortress Investment Group, and Ribbit Capital.