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Pantera Capital raises 20 million dollars for investment in Telegram-related blockchain TON

Pantera Capital raises 20 million dollars for investment in Telegram-related blockchain TON

Bitget2024/12/03 12:47

According to DL News, documents submitted to the U.S. Securities and Exchange Commission on Monday show that cryptocurrency hedge fund and venture capital firm Pantera Capital has raised $20 million for investment in TON's cryptocurrency Toncoin. According to the documents, this venture capital firm raised funds from at least 29 investors through two different funds. The first official sales of these two funds took place in July.

Pantera Capital began contacting investors in June. The minimum amount for participation in the investment was $250,000. The two new funds set up by Pantera Capital for Toncoin were established based on early investments in cryptocurrencies related to Telegram announced in May. The company called this investment the "largest scale" one in its 21-year history but did not disclose specific details.

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