Pantera Capital Looks For $1.25B To Launch Second Blockchain Fund
Pantera Capital - 3 Fund Management Techniques
Pantera presently employs three fund management techniques. A venture fund, also known as the blockchain fund, makes investments in equities, liquid tokens, and early-stage tokens.
In 2021, the first blockchain fund was established with a $600 million fundraising goal. Pantera declared earlier this year that it had received over $1 billion in pledges for the fund. CEO Dan Morehead told the news sources that the company intends to close the second blockchain fund in May. Due to decreased values, he is also considering purchasing more shares in several of Pantera's investments.
Morehead Increased Investments
After a price fall that failed a significant cryptocurrency project, the bankruptcy of multiple businesses, and the resignation of numerous CEOs, Morehead is increasing investments. Due to monetary tightening by central banks from the US to New Zealand, Bitcoin is stuck trading below $20,000 and is under stress, along with stocks and bonds. Companies such as FTX, Coinbase, Amber Group, Coinbase, and Anchorage Digital are part of Pantera's portfolio.
In the interview, Dan Morehead stated,
"We want to provide liquidity for people that are kind of giving up because we're still very bullish for the next 10 or 20 years."
Morehead further noted that crypto pricing has become connected with risk assets, which he honestly didn't believe to be true. He claimed he was expecting a quick decoupling of crypto from the macro markets.