As an analyst with extensive experience in the blockchain and digital asset industry, I find Pantera Capital’s new fund, The Panter Fund V, an intriguing development. Having witnessed the sector’s collapse in 2022, followed by a market recovery, I believe this fund represents a significant milestone for the industry.
Pantera Capital aims to raise $1 billion for its newest investment vehicle, named “The Panter Fund V.” This fund offers investors the opportunity to gain access to a diverse portfolio of assets that are built on blockchain technology.
A new report by Bloomberg revealed that the new fund is expected to launch in April 2025.
Pantera Fund V
The Pantera Fund V is a new investment product from the digital asset manager, offering a broader scope compared to their previous funds like the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds, which had more specialized investment focuses. Eligible investors are required to commit a minimum of $1 million, with the initial closing slated for April 1, 2025.
Limited partners are expected to contribute a minimum of $25 million to participate in the fund.
Its website states,
“Fund V provides access to a diverse range of blockchain investments. This fund adopts a venture capital approach, allocating resources towards venture equity, initial-stage tokens, and already trading tokens.”
As a financial analyst, I can tell you that if this fund is successful in reaching its target, it will mark the largest fundraising achievement in the sector since the major scandals and bankruptcies hit in 2022. Despite facing substantial challenges in securing fresh capital last year, there are now signs of improvement as the attitudes of key stakeholders begin to shift positively.
After the market bounce-back, it’s anticipated that Pantera’s latest fund will reach the same scale as its previous one, which garnered approximately $1.25 billion in investments two years prior.
Pantera Capital Scores Discounted Solana Tokens
Alongside securing a new investment fund, Pantera Capital succeeded in winning bids for additional discounted Solana tokens. These tokens originated from auctions conducted by the administrators managing the bankruptcy proceedings of the closed FTX cryptocurrency exchange.
Around 2,000 SOL tokens were estimated to have been sold this past week, according to unofficial sources. However, neither the Pantera team nor representatives of the FTX estate have confirmed this information publicly. It’s important to note that earlier in the month, a significant portion, approximately two-thirds, of the $2.6 billion worth of Solana tokens owned by the FTX estate was disposed of at reduced prices. This sale garnered attention from Pantera and Galaxy Digital, as per insider reports.
As a crypto investor, I’d explain it this way: I hold 41 million SOL tokens that are tied up under a vesting schedule lasting four years. Contrary to the earlier auctions where each token was bought for around $60, recent sales reportedly transpired at a more elevated price point. Further auctions are anticipated in the near future.
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2024-04-27 01:02