Pantera Capital, a prominent investment firm in the world of cryptocurrency, has chosen the altcoin in which it will be investing. The firm, known for its strategic investments in the market, has set its sights on The Open Network (TON).
This decision reflects Pantera’s continued confidence in the potential of TON, following its initial investment in the token. The firm has launched a new fund, named the “Pantera TON Investment Opportunity,” to raise capital for the purchase of additional TON tokens. Potential investors were recently invited to participate in this new investment round through an email.
Interested parties must express their interest by filling out a form by June 21, with a minimum investment requirement of $250,000 per backer. This move follows Pantera’s largest investment in TON to date, made at a significant discount to the spot price in March. The investment was officially announced in May, showcasing Pantera’s faith in TON’s future growth.
Ryan Barney, a partner at Pantera, expressed optimism about TON’s development, stating, “We believe the TON network is still in its early stages and are excited to witness the adoption of its ecosystem and new features by the Telegram user base.”
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