Venture Capital Firm Pantera Raises More Funds to Invest in TON Tokens

According to a report from The Block, cryptocurrency investment firm Pantera has sent an email to potential investors this week, stating that the organization is raising funds for a new fund dedicated to investing in The Open Network (TON). The fund, known as “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 in the fund. The form states that the minimum investment amount for each supporter is $250,000.
The company announced its investment in the native token of The Open Network, TON, in May. At that time, Dan Morehead, the founder of Pantera Capital, stated that the investment in TON is the largest in Pantera’s history. Although the specific amount was not disclosed by the company, considering Pantera’s past investment records, the highest single investment amount made by the organization was in the A round financing of Gemini exchange in 2021, which amounted to approximately $400 million. Based on this, it can be inferred that Pantera’s investment in TON is likely to be at least $400 million.