According to a report from “The Block,” cryptocurrency investment firm Pantera has sent an email to potential investors this week, indicating that the firm is raising funds for a new fund dedicated to investing in The Open Network (TON). The fund, called “Pantera TON Investment Opportunity,” aims to raise funds to purchase more TON tokens.
Pantera has requested 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 the investment in TON was the largest in Pantera’s history, although the specific amount was not disclosed. However, based on Pantera’s past investment records, the firm’s highest single investment amount was approximately $400 million in the Series A funding round of the Gemini exchange in 2021. Therefore, it can be inferred that Pantera’s investment in TON is likely to be at least $400 million.
