Blockchain Investor Letters

More from Blockchain Investor Letters

Digital Currencies All-Time Highs, Now Overbought :: Blockchain Letter, March 2017

  PANTERA BITCOIN FUND   Pantera Bitcoin Fund’s return for February was +24.3%, the return year-to-date is +23.7%, and the Fund’s life-to-date return is +1,563.6%.2   Pantera Bitcoin Fund is the best-performing bitcoin fund in the U.S.1 It provides individuals and institutions seeking to invest $50,000 or more with quick, secure access to large quantities of Read More

Pantera Bitcoin Fund Up 1,245.0% :: Blockchain Letter, February 2017

      PANTERA BITCOIN FUND Pantera Bitcoin Fund’s return for December was +29.5%, the return for 2016 was +120.3%, and the Fund’s life-to-date return is +1,245.0%.1     The Fund provides individuals and institutions seeking to invest $50,000 or more with quick, secure access to large quantities of bitcoin — without the burdens of Read More

Civic & ABRA Live :: Blockchain Letter, July 2016

    THIRD ANNIVERSARY OF THE PANTERA BITCOIN FUND July marks the third anniversary of the Pantera Bitcoin Fund – the first bitcoin fund in America. Through the end of June, the Fund’s lifetime return is 836.0%1 net of fees and expenses, outperforming bitcoin over the same period.     Below are the annual returns Read More

Price Surge, DAO Hack Analysis :: Bitcoin Fund Letter, June 2016

  Dan Morehead Chief Executive Officer   Dear Investors,   Last week, the Pantera Bitcoin Fund return surpassed 1,000% — by far the best-performing Bitcoin fund/ETF in America.[1]   The first order of magnitude down – a couple more to go?   BITCOIN PRICE SURGE   The price of bitcoin has increased steadily over the Read More

Venture Fund II Final Close June 30th :: Blockchain Investor Letter, May 2016

  Dan Morehead Chief Executive Officer Paul Veradittakit Vice President Pantera Bitcoin Fund’s return for April was +8.9%. The fund’s return life-to-date is +539.0%.[1]   VENTURE FUND II – FINAL CLOSING JUNE 30 Several of our portfolio companies have been able to raise funds at around 3x the valuations we originally entered. Portfolio companies like Read More

Bitstamp Becomes First Nationally Regulated Bitcoin Exchange :: Blockchain Letter, April 2016

In this month's letter, we're proud to announce that porfolio company Bitstamp, Pantera's first investment, has received a license to operate EU-wide, a first for any Bitcoin exchange or even company.

Ethereum Emerges, Bitcoin vs. “Bankchains” :: Blockchain Investor Letter, March 2016

In this month's letter, we take a look at the basics of Ethereum, an alternative digital currency, that has gained remarkable popularity in the last few months and what implications it may hold for the blockchain industry and traditional finance abroad.

The Governance of Anarchists :: Blockchain Investor Letter, January 2016

In this month's letter, we go in-depth on Bitcoin's scalability issue, which has recently bubbled into the mainstream media upon the departure of one of the protocol's minor software maintainers.

We clear up many misconceptions, point out the best proposal, theorycraft about the ecosystem's governance model, and ultimately find that the scalability issue is a nice problem to have. Bitcoin will persevere.

Letter also includes portfolio developments, commentary on Bitcoin performing the best among currencies of 2016 and five of the past six years, and more.

Inflection Point, Bitcoin Price Surge :: Investor Letter, November 2015

In this month's letter, we review what may be contributing to the recent surge in bitcoin price. Taking a look at the ecosystem's fundamentals, it's clear that this resurgence is simply price "catching up " with several fundamental indicators that have been increasing by triple digit percentage points year over year -- in short, it's been a long time coming.

The Death of Paper :: Investor Letter, October 2015

In this month's letter, we feature an in-depth thought piece from Pantera partner Dr. Steve Waterhouse on how blockchain will eventually and completely evaporate the need for apper. Tee blockchain enables wholly digital recordkeeping and formation of contracts (known as "smart contracts").