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Pantera Bitcoin Fund Files Form D With SEC: $96M and 45 Investors

Avatar newsbtc 6 years ago

A very interesting bit of news in recent days posted by Brian Cohen. On this Medium page [link], you’ll see that the Pantera Bitcoin Fund has filed a ‘Form D’ with the United States Securities and Exchange Commission (SEC).

According to the SEC, an explanation of Form D:

Companies may use an exemption under Regulation D to offer and sell securities without having to register the offering with the SEC. When relying on such an exemption, companies must file what’s known as a “Form D” after they first sell their securities. Form D is a brief notice that includes basic information about the company and the offering, such as the names and addresses of the company’s executive officers, the size of the offering and the date of first sale.

The filed form, which can be found here, reveals some interesting information regarding the amount invested so far.

In total, the filing states that the total amount sold (of bitcoin investments) is $96,042,177. That’s a huge number indeed. What’s more surprising is how many investors have bought in.

What would you reckon, assuming you haven’t read the headline? A couple of hundred? No. Forty-five.

That would suggest that each investor put in about $2.1 million into the fund, assuming they all invested the same amount. And even though that’s unlikely, it speaks volumes about just how much money high-rollers are spending on digital currency investments.

The minimum buy into the Pantera Bitcoin Fund is $100,000.

[textmarker color=”C24000″]Source[/textmarker] Medium/Brian Cohen

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