Venture Capital Firm Pantera is Raising More Funds to Double Down on TON Token Investments

Venture Capital Firm Pantera is Raising More Funds to Double Down on TON Token Investments

Venture Capital Firm Pantera is Raising More Funds to Double Down on TON Token Investments

According to The Block, Pantera, a cryptocurrency investment firm, has sent an email to potential investors this week, stating that they are raising funds for a new fund specifically dedicated to investing in The Open Network (TON). The fund, called “Pantera TON Investment Opportunity,” aims to raise funds to purchase more TON tokens.

In the email, Pantera requests interested parties to indicate their interest in this opportunity through a form by June 21st, to ensure allocation of the fund. The form states that the minimum investment amount for each supporter is $250,000.

In May, the company announced its investment in the native token of The Open Network, TON. Dan Morehead, the founder of Pantera Capital, stated at the time that this investment in TON is the largest in Pantera’s history, although the specific amount was not disclosed. However, based on Pantera’s previous investment records, the largest single investment amount by the firm was approximately $400 million in the Series A financing of Gemini exchange in 2021. Therefore, it can be inferred that Pantera’s investment in TON is likely to be at least $400 million.