Cryptoforeign money agency Pantera Capital has raised $134 million for its bitcoin fund, in keeping with a type D submitting with the U.S. Securities and Change Fee.
Shaped 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 because of the bitcoin bull run of that 12 months.
Lately, Fintech Zoom found that Pantera’s enterprise funds hadn’t fared nicely compared 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 may have improved as of late resulting from bitcoin’s latest bull run. As of press time, the price of bitcoin has risen round 159% 12 months up to now.