Pantera Capital Files Latest Docs, Reports $96M in Investments

Pivoting to focus exclusively on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term investments, Pantera Capital is the largest hedge fund by assets managed investing specifically in the digital currency. Unlike several other funds which buy bitcoins, and provide a regulated entity to own exposure to potential price appreciation of bitcoins, Pantera Capital is also involved in investing in related firms in the space. An example was their involvement in Circle’s $17 million Series B funding round in March which Pantera participated in.

Led by CEO Dan Morehead, and backed by Benchmark Capital, Fortress Investment Group, and Ribbit Capital, Pantera Capital also includes within its early bitcoin entrepreneur Jed McCaleb, who created MtGox before selling it in 2011, as well as most recently being involved with Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term Labs.

Providing more information about their initiatives, Pantera has filed a Form D for its latest sale of equity in its Pantera Bitcoin Master Fund. According to the filing dated June 4^th, the Pantera sold $96,042,177 in equity to investors for the pooled investment fund product. Like other hedge funds, the Bitcoin Master Fund holds a $100,000 minimum to invest, with the Form D reporting that the fund currently is composed of 45 investors. While the numbers average to greater than $2 million per investor, it is worth noting that Benchmark, Fortress, and Ribbit are expected to have contributed the bulk of the total holdings in the funds.