Bloomberg reports details of the purchase of TON by the Pantera Capital fund. They purchased more than $100 million at a 40% discount and a lock-up period of 1 year. After which they plan to sell the asset in parts over several years.
As for the discount, the average price for May, when the purchase was announced, was $6.32. That is, they are still in the black, having bought at approximately $3.8. And possibly even cheaper. At the time of the announcement of the deal on May 10, the asset had already shown significant growth above $6. And on May 1, when the growth began, the low was $4.683. If we assume that they bought the bottom, the purchase price is generally $2.8. Of course, they are going to sell with a good profit.
The investment amount of "more than $100 million", as well as other details, was given to#Bloombergjournalists by a certain "person familiar with the matter". But this, it must be said, is not the most optimistic option. After all, the fund had previously described the purchase of#TONas "the largest investment in its history". And at that time, their largest investment was the purchase of#SOLfrom the FTX crypto exchange for $250 million.
Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that have invested in Toncoin.
A representative for the Menlo Park, California-based company, which controls nearly $5 billion, did not respond to emails and calls from Bloomberg seeking comment on the investment amid Durov’s woes with French authorities. The TON Foundation, which runs the blockchain, said in an email that it has never raised money. Animoca Brands did not immediately respond to a request for comment on its investment, and Mirana Ventures did not immediately respond to a request for comment. Everyone is silent and watching.
It's good that the#TONblockchain has come back to life after yesterday's (already repeated) shutdown. This time, no blocks were mined for several hours. The DOGS hysteria is slowing down.
