Pantera Capital is currently in the process of raising $1 billion for its most recent fund, known as ‘The Pantera Fund V,’ designed to provide investors with exposure to a wide range of blockchain-based assets.
According to a recent report by Bloomberg, the fund is expected to be launched in April 2025.
Pantera Fund V Overview
Distinguished from Pantera’s prior funds such as the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds, The Pantera Fund V introduces a more comprehensive investment strategy. Qualified investors must commit a minimum of $1 million, with the initial closing set for April 1, 2025.
Prospective limited partners are projected to contribute a minimum of $25 million to participate in the fund.
As stated on its website,
“Fund V offers exposure to a broad spectrum of blockchain assets. This venture-style Fund will focus on investments in venture equity, early-stage tokens, and liquid tokens.”
If successful, this fund would represent the largest capital raised since the industry downturn sparked by scandals and bankruptcies in 2022. Despite encountering challenges in securing fresh capital last year, fund managers are observing a shift in sentiment among crucial stakeholders.
With the market showing signs of recovery, Pantera’s latest fund is expected to rival the size of its predecessor, which amassed around $1.25 billion two years ago.
Pantera Capital’s Purchase of Discounted Solana Tokens
In alignment with the new fund, Pantera Capital has acquired a batch of discounted Solana tokens through a competitive bidding process. These tokens were part of an auction managed by the administrators overseeing the bankruptcy of the now-defunct FTX cryptocurrency exchange.
Approximately 2,000 SOL tokens were traded this week, although specific details of the transaction have not been publicly disclosed. Both Pantera and representatives from the FTX estate have chosen not to provide comments on the sale at this time. Earlier this month, the FTX estate liquidated nearly two-thirds of a $2.6 billion reserve of Solana tokens at discounted rates, attracting interest from Pantera and Galaxy Digital, according to insider reports.
The 41 million SOL tokens available for purchase are subject to a predefined vesting period spanning four years. While previous auctions saw tokens being sold at around $60 each, sources indicate that the recent sale commanded a higher price. Additional auctions are expected to take place in the near future.
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