Pantera Capital to launch its second $1,25 billion blockchain fund
It will invest in both equity and digital assets
30.09.2022 - 13:45
330
2 min
0
What’s new? Cryptocurrency hedge fund Pantera Capital will raise $1,25 billion for its second blockchain fund. It will be established by May 2023, according to the company's head Dan Morehead. The fund will invest in both equity and digital assets, he said. The company will also additionally buy shares of some companies it already owns as their values have fallen, Bloomberg reported.
What else did Morehead say? The head of Pantera said that the company believes in the successful development of the cryptocurrency industry, which is why it is focusing on such investments. According to Morehead, the poor performance of most digital currencies is due to the fact that they are highly correlated with other risky assets. Nevertheless, he expects this trend to end soon.
What is known about Pantera Capital? The American fund was founded by Dan Morehead in 2003. In 2013, he launched the first bitcoin-focused investment fund in the United States. As of January 2022, Pantera Capital had $5,6 billion in assets under management.
Earlier, Morehead saw signs of the end of the crypto winter. He also noted that the price of bitcoin will continue to rise about 2,5 times each year. Morehead stressed that similar ups and downs, including a downturn in 2018 and a market boom in the next few years, are commonplace and have occurred repeatedly over the past decade.
In August, the head of Pantera named the benefits of the Ethereum network's transition to PoS. He noted a significant reduction in the blockchain's energy consumption, which would have a positive impact on its sustainability, as well as “an environmental, social, and governance (ESG) perspective.”
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 784
BTC
+0.37%
-
Ethereum
$3 315.09
ETH
-1.77%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.47
XRP
+21.94%
-
Dogecoin
$0.414771
DOGE
+7.47%
-
Cardano
$1.02
ADA
+24.98%
-
Stellar XLM
$0.344271
XLM
+35.34%
-
Bitcoin Cash
$487.64
BCH
+0.82%
-
Polkadot
$6.47
DOT
+9.24%
-
Litecoin
$91.05
LTC
+1.99%