[ad_1]
Cryptocurrency firm Pantera Capital raised $ 134 million for its bitcoin fund, according to Form D filed with the US Securities and Exchange Commission.
Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first US-based bitcoin fund. In a letter to investors in late 2017, Pantera boasted a fund return of 25.004%, mainly due to bitcoin’s bull run that year. Recently, CoinDesk found that Pantera’s venture funds had not fared well compared to the S&P 500.
Pantera Capital venture capital funds raised in August 2013 and August 2014 gained 46.5% and 15.9% respectively since their inception in September 2019. Of course, that performance may have improved in recent times due to of the recent bull run of bitcoin. As of press time, the price of bitcoin has risen about 159% year to date.
