Pantera Capital is an American hedge fund and venture capital firm focused on digital assets headquartered in Menlo Park, California.[1][2] The fund specializes in cryptocurrencies and blockchain technology.[3][4] It is one of the largest digital asset funds in the world by managed assets.[5]
| Pantera Advisors, LLC | |
| Company type | Private |
| Founded | 2003 |
| Founder | Dan Morehead |
| Headquarters | , U.S. |
Area served |
|
| Products | |
| AUM | US$4.2 billion (2022) |
| Website | Official website |
History
editThe firm was founded in San Francisco, California in 2003 by Dan Morehead, before opening offices on Silicon Valley's Sand Hill Road.[6] The fund was initially focused on global macro before moving into digital assets with Joey Krug, the founder of the first major Ethereum project, Augur.[7][8] Morehead previously led global macro trading at Tiger Management and is seen as one of the fund's "tiger cubs".[9]
The company invested money in the fraudulent cryptocurrency firm FTX and was hit hard by its collapse in November 2022.[10]
Funding
editIn 2013, Pantera launched the first investment fund focused on Bitcoin in the United States.[2][3] The fund opened an office in New York during the early 2000s and established operations in Puerto Rico in 2021.[11][12]
Pantera launched its second blockchain fund in 2022, seeking to raise $1.25 billion. The company’s first blockchain fund was launched in June 2021.[13]
The company launched its third venture fund in 2018 and raised $100 million.[14]
See also
editReferences
edit- ^ Schatzker, Erik (26 April 2018). "Hedge Fund Pantera CEO Says Bitcoin Is 'Screaming Buy,' Bets on Icon". Bloomberg. Retrieved 2021-06-03.
- ^ a b Popper, Nathaniel (2017-12-19). "A Bitcoin Hedge Fund's Return: 25,004% (That Wasn't a Typo)". The New York Times. ISSN 0362-4331. Retrieved 2021-06-03.
- ^ a b Leising, Matthew (27 February 2021). "Coinbase Mafia Shows How Tight a Circle Holds Sway Over Bitcoin". Bloomberg. Retrieved 2021-06-03.
- ^ Fletcher, Laurence (2020-05-21). "Crypto hedge funds struggle to recover from 'bloodbath'". Financial Times. Retrieved 2021-06-03.
- ^ Kharif, Olga (December 27, 2023). "Crypto Hedge Funds Gear Up for 'Token Mania' After 2023 Rebound". Bloomberg. Retrieved January 14, 2024.
- ^ Ballentine, Claire (13 May 2021). "Crypto Fund Pantera Says Bitcoin Energy Concern to Impact Market". Bloomberg. Retrieved 2021-06-03.
- ^ Geron, Tomio (2018-11-12). "Crypto Investor Pantera Alters a Fund Amid Downturn". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-04-10.
- ^ "Ethereum Beats Rivals With 'Trade-Offs,' Pantera's Krug Says". Bloomberg.com. 2022-01-09. Retrieved 2022-08-09.
- ^ "How a former Goldman trader built a $US5.6b crypto behemoth". Australian Financial Review. 2022-01-24. Retrieved 2024-01-15.
- ^ "Exclusive: Pantera Capital exec quietly leaves the crypto VC firm". Yahoo Finance. 2023-10-06. Retrieved 2024-06-12.
- ^ Francesca, Maglione (December 11, 2021). "Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise". Bloomberg. Retrieved January 14, 2024.
- ^ Sigalos, MacKenzie (2022-01-16). "Bitcoin millionaires are moving to Puerto Rico for lower taxes and island living". CNBC. Retrieved 2024-01-15.
- ^ Benzinga (2022-09-29). "Pantera Capital Seeks To Raise $1.25B For Its Second Blockchain Fund". The Dales Report. Retrieved 2024-06-12.
- ^ Rooney, Kate (2018-08-16). "Crypto hedge fund Pantera on track to raise $175 million despite bitcoin's price slump". CNBC. Retrieved 2024-06-12.