Encrypted hedge fund giant Pantera Capital will launch a large-scale financing of US$134 million

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: ANDREW THURMAN, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Cointelegraph Chinese (ID: CointelegraphChina)

Cointelegraph Chinese (ID: CointelegraphChina)

, Author: ANDREW THURMAN, reproduced by Odaily with authorization.

In a filing with the U.S. Securities and Exchange Commission (SEC) yesterday, bitcoin hedge fund giant Pantera Capital announced that it will issue up to $134 million in stock, the largest fundraising in the company’s seven-year history.

According to Cointelegraph, Pantera was established in 2013 and is the first bitcoin fund in the United States. Pantera raised less funds in its first round of financing, only $13 million, and later raised another $25 million.

But in 2018, the fund struggled to raise a larger raise, resulting in a third investment fund, dubbed VC Fund III. The new fund saw inflows of $164 million between 2018 and 2020, a big inflow that caps a bad 2019 for cryptocurrencies.