2 years ago
Pantera’s Bitcoin Feeder Fund present has $63.7 cardinal successful backing from 153 investors, up from $18 cardinal from 56 backers a twelvemonth ago, according to a new regulatory filing.
Founded successful 2019, the Bitcoin Feeder Fund lets investors marque indirect investments successful the firm’s main Bitcoin Fund, according to an explanatory memorandum. The Bitcoin Fund is simply a passive tracker of bitcoin that offers investors regular liquidity.
Last September, Pantera raised $369 cardinal for a caller blockchain fund. Two months later, The Information reported that Pantera was raising $600 cardinal for a caller crypto fund to put successful task equity, crypto tokens and tokens successful development. The study said Pantera expected the money to scope $1 cardinal by the clip it closes successful March.
Founded by Tiger Management alum Dan Morehead successful 2003, Pantera has backed much than 80 blockchain companies and 65 early-stage token deals crossed a portfolio that includes payments institution Circle and crypto speech Coinbase.
Pantera manages $6.4 cardinal successful full successful blockchain-related assets, according to the company.
Brandy covers crypto-related task superior deals for CoinDesk.
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