Crypto News

Pantera raises a further $ 5 million for its Bitcoin fund bringing a complete of $ 134 million

pantera-raises-a-further-5-million-for-its-bitcoin-fund-bringing-a-complete-of-134-million

Cryptocurrency company Pantera Capital raised an additional $ 5 million for its Bitcoin fund for a total of $ 134 million. This can be found on a Form D filed with the US Securities and Exchange Commission.

The Pantera Bitcoin Fund Ltd. was founded in 2013 and was the first US-based bitcoin fund. In a letter to investors at the end of 2017, Pantera posted a return of 25,004% on the fund, mainly due to this year's Bitcoin bull run.

Of course, that performance could have improved recently due to Bitcoin's recent bull run. At the time of going to press, the price of Bitcoin is up around 159% since the start of the year.

CORRECTION (November 22nd, 01:41 UTC): Pantera said it raised an additional $ 5 million in its last filing, not $ 134 million as originally stated in this article.

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Melinda Martin