The performance of cryptocurrency investment company Pantera Capital in the first quarter of 2024 attracted the attention of investors. The company’s Liquid Token Fund achieved a 66% investment return. This successful result was attributed to the increased interest in assets such as Solana.
Portfolio Management Strategy
According to a shareholder letter reviewed by Bloomberg, Pantera’s strong performance was supported by contributions from assets such as Ribbon Finance (RBN) and Stacks. Portfolio management has achieved this success by reducing investment in Bitcoin. Portfolio manager Cosmo Jiang noted that they have reduced their Bitcoin positions since the beginning of the year and are reaping the benefits.
Altcoin Performance and New Funds
RBN gained nearly four times in value this year, while SOL Coin showed a 69.8% increase. Pantera Capital’s altcoin basket has been forming a pool of 10-20 cryptocurrencies since November 2017 and serves accredited investors who can invest at least $100,000.
Useful Information for Readers
Pantera Capital’s Liquid Token Fund provided a 66% investment return in the first quarter of 2024.
Successful performance was achieved, especially through contributions from assets such as Ribbon Finance (RBN) and Stacks.
The company achieved growth by reducing Bitcoin investments and increasing Altcoin investments.
Finally, Pantera Capital manages $5.2 billion in assets and is mentioned as one of the few early-stage cryptocurrency investment companies in the sector. The company also launched a $250 million fund to buy some of the SOL Coins held by FTX.
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