Cryptocurrency agency Pantera Capital has raised $134 million for its bitcoin fund, based on a form D filing with the U.S. Securities and Alternate Fee.
Fashioned in 2013, the Pantera Bitcoin Fund Ltd. was the primary U.S.-based bitcoin fund. In an investor letter on the finish of 2017, Pantera boasted a 25,004% return on the fund, primarily as a result of bitcoin bull run of that 12 months.
Just lately, CoinDesk discovered that Pantera’s venture funds hadn’t fared well in comparison to the S&P 500.
The enterprise funds Pantera Capital raised in August 2013 and August 2014 have returned 46.5% and 15.9% from their inception to September 2019, respectively.
In fact, that efficiency might have improved as of late on account of bitcoin’s latest bull run. As of press time, the value of bitcoin has risen round 159% 12 months up to now.