Cryptocurrency firm Pantera Capital has raised $134 million for its bitcoin fund, according to a form D filing with the U.S. Securities and Exchange Commission.
Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, Pantera boasted a 25,004% return on the fund, mainly due to the bitcoin bull run of that year.
Recently, CoinDesk discovered that Pantera’s venture funds hadn’t fared well in comparison to the S&P 500.
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