Major Cryptocurrency Investment Firm, Pantera Capital, Pumps $300M Plus into Businesses Holding Bitcoin Reserves
Pantera Capital, a renowned venture firm, has announced a significant increase in its investment in Digital Asset Treasuries (DATs). The firm, led by General Partner Cosmo Jiang, has raised two funds focused on DATs, totalling over $100 million. This investment comes in addition to the over $300 million Pantera has already invested in DAT companies.
The details of these investments were revealed in Pantera's latest blockchain letter. The firm argues that digital asset treasuries offer greater potential returns than holding tokens directly or through Exchange Traded Funds (ETFs).
Pantera's DAT portfolio spans multiple tokens and geographical locations, with investments in public companies that hold cryptocurrencies on their balance sheets. The firm has invested in eight digital asset treasury companies, including BitMine Immersion, Twenty One Capital, DeFi Development Corp, SharpLink Gaming, Satsuma Technology, Verb Technology Company, CEA Industries, and Mill City Ventures III. These companies operate in the United States, the United Kingdom, and Israel.
While Pantera has not disclosed the exact amount invested in each token or company, the portfolio includes eight tokens: Bitcoin, Ethereum, Solana, Sui, and unspecified others. The firm's strategic investment in DATs underscores its confidence in the potential of this asset class.
This latest move by Pantera Capital further solidifies its position as a leading investor in the digital asset space. As the market continues to evolve, expect Pantera to remain at the forefront, shaping the future of digital asset treasuries.
