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Cryptoknowmics 2022-09-28 15:22:27

Pantera Capital Looks For $1.25B To Launch Second Blockchain Fund

According to CEO Dan Morehead, Pantera Capital is looking to raise $1.25 billion for a second blockchain fund. The investing company was founded in 2013, making it one of the pioneers in the cryptocurrency industry. According to its website, it launched its first crypto fund when bitcoin was approximately $65 and presently has $4.5 billion worth of assets under management. Pantera Capital – 3 Fund Management Techniques Pantera presently employs three fund management techniques. A venture fund, also known as the blockchain fund, makes investments in equities, liquid tokens, and early-stage tokens. In 2021, the first blockchain fund was established with a $600 million fundraising goal. Pantera declared earlier this year that it had received over $1 billion in pledges for the fund. CEO Dan Morehead told the news sources that the company intends to close the second blockchain fund in May. Due to decreased values, he is also considering purchasing more shares in several of Pantera’s investments. Morehead Increased Investments After a price fall that failed a significant cryptocurrency project, the bankruptcy of multiple businesses, and the resignation of numerous CEOs, Morehead is increasing investments. Due to monetary tightening by central banks from the US to New Zealand, Bitcoin is stuck trading below $20,000 and is under stress, along with stocks and bonds. Companies such as FTX, Coinbase, Amber Group, Coinbase, and Anchorage ...

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