From Wikipedia, the free encyclopedia
U.S. hedge fund
Pantera Capital Pantera Advisors, LLC Company type Private Founded 2003; 21 years ago (2003 ) Founder Dan Morehead Headquarters , U.S.
Area served
Products
AUM
US$ 4.2 billion (2022) Website
Official website
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]
History
The 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
In 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
References
^ 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 .
Investment strategy
Trading Related terms
Investors Governance