Telegram-Related TON Crypto Secures $20 Million Raise From Pantera Capital, Down 13% From All-Time High
Pantera Capital, a leading hedge fund and venture capital firm in the cryptocurrency space, has secured $20 million to invest in Toncoin, the cryptocurrency linked to the Telegram Open Network (CRYPTO: TON).
What Happened: This development was revealed in documents filed with the U.S. Securities and Exchange Commission (SEC) on Monday, according to a DL News report.
The filings indicate that Pantera raised the funds through two separate investment vehicles, gathering commitments from at least 29 investors.
Both funds commenced their first official sales in July, following initial outreach to investors in June.
Reports suggest the minimum investment required was $250,000.
This marks Pantera’s continued investment in Toncoin, building on what the firm previously …
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