Cryptocurrency agency Pantera Capital has raised $134 million for its bitcoin fund, in line with a kind D submitting with the U.S. Securities and C
Cryptocurrency agency Pantera Capital has raised $134 million for its bitcoin fund, in line with a kind D submitting with the U.S. Securities and Change Fee.
Fashioned in 2013, the Pantera Bitcoin Fund Ltd. was the primary U.S.-based bitcoin fund. In an investor letter on the finish of 2017, Pantera boasted a 25,004% return on the fund, primarily because of the bitcoin bull run of that yr.
Lately, CoinDesk found that Pantera’s enterprise funds hadn’t fared properly compared to the S&P 500.
The enterprise funds Pantera Capital raised in August 2013 and August 2014 have returned 46.5% and 15.9% from their inception to September 2019, respectively.
In fact, that efficiency might have improved as of late attributable to bitcoin’s current bull run. As of press time, the worth of bitcoin has risen round 159% yr up to now.