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Pantera Capital cashed out 80% of its Terra investment before UST crash

Pantera Capital, one of the high-profile backers of Terraform Labs, cashed out nearly 80% of its Terra (LUNA) investment well before TerraUSD (UST) collapsed last week. “The market has been fairly frothy over the last year and thus we’d exited the majority of our position before any of this happened,” Joey Krug, co-chief investment officer at Pantera Capital, told The Block. “Roughly 80% over the last year, fairly gradually over time.” Pantera Capital invested at least twice in Terraform Labs …

Pantera Capital sets out stall to raise new $200 million fund

Quick Take Pantera Capital is raising a new fund, targeting a close of $200 million.  The crypto-focused investment firm has already locked in three deals.  Crypto-focused investment firm Pantera Capital is raising a new fund, targeting a $200 million close at the start of May.   Dubbed the Pantera Select Fund, it will aim to help its limited partners gain exposure to three growth-stage deals, which it has already locked in, plus seven to nine others over the course of the …

Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding

Pantera Capital, an American hedge fund that manages over $6.4 billion in blockchain-related assets, has now reached $63.7 million in funding from 153 investors for its Bitcoin Feeder Fund, a Securities and Exchange Commission (SEC) filing shows.  Through the Bitcoin Feeder Fund, investors can indirectly partake in Pantera’s Bitcoin Fund — a passive bitcoin tracker that gives investors daily equity without the need to buy and safeguard the cryptocurrency. The Bitcoin Feeder Fund had $18 million and 56 investors this …