The venture company Pantera Capital raised $20 million to support the blockchain The Open Network ($TON ). This is reported by DLNews, citing documents submitted to the U.S. Securities and Exchange Commission.
The statement indicates that the firm requested funds from at least 29 investors for two separate funds, and agreements were signed on November 27.
Recall that in June 2024, The Block reported that Pantera Capital plans to raise funds to launch a fund and reinvest in the TON project. It then became known that the fund is called Pantera TON Investment Opportunity and will invest in the cryptocurrency Toncoin (TON).
Note that at the time of writing, the TON coin is trading near the mark of $6.67:
At the end of October 2024, the venture division of the OKX exchange, the organization The Open Platform, and Folius Ventures launched a $10 million Telegram Growth Hub fund. It aims to support projects that contribute to the growth of The Open Network ecosystem.
Earlier, we reported that the Bitcoin fund Pantera Capital recorded a 1000x increase when the price of 1 BTC reached $74,000, and since the first purchase of one unit of the asset in July 2013 at a price of $74, 11 years have passed.#2024withBinance
