The Giant Managing 5.2 Billion Dollars Doubles Its Investment in This Altcoin!

Pantera Capital, which manages $5.2 billion in assets through three separate funds, announced that it will double its investment in the Telegram-related altcoin.

According to news from The Block, Pantera Capital said it would soon double its investment in Telegram-linked altcoin Toncoin (TON) earlier this year.

According to the news, the asset management company is raising money for a new fund and plans to use this fund to invest more in TON. Pantera, which created a new fund to invest in The Open Network's Toncoin, sent an email to investors and invited them to join the fund.

In the e-mail sent by Pantera, it was stated that the fund aims to buy more TONs. It is also stated that the minimum investment amount is 250 thousand dollars.

According to documents obtained by The Block, Pantera purchased TON in March at well below spot prices.

According to CoinGecko data, while the TON price responded to the news with a 3% increase, the increase disappeared in parallel with the decline in Bitcoin. TON is trading at $7.11 at the time of writing.