June 25, 2024

Major players are increasing their investments in bitcoin, according to Pantera Capital

Major players are increasing their investments in bitcoin, according to Pantera Capital

According to data provided to the US Securities and Exchange Commission (SEC) investment company Pantera Capital, itsPantera Venture Fund III, focused on investing in Bitcoin (BTC), has raised three times more funds in the past 12 months than in the entire previous period.

Average price of a “ticket” to an investment fundamounted to about $1.77 million, which is four times more than in 2019. In doing so, one of the leading opinion leaders in the cryptocurrency investment community demonstrates in practice that institutional investors, including newcomers, are increasingly investing in Bitcoin.

One of the reasons for this success is the increaserecognition of Bitcoin, as well as an understanding of its special properties. Thus, the recently launched cryptocurrency advertising campaign, which ran on major American television channels, turned out to be extremely successful. Its organizer, the Grayscale Investments fund, was able to raise $217 million in the last week alone—this is the net influx of funds that the head of the organization, Barry Silbert, announced.

In particular, according to the data presented inThe SEC, the Bitcoin Trust Fund, part of the Grayscale Investments ecosystem, has accumulated $ 167.9 million in investor funds, which were invested in 14,422 thousand bitcoins.

As a result, the total amount of funds in bitcoins,which are managed by the Bitcoin Trust Fund, has grown to the current moment to 409,131 thousand units of cryptocurrency, which means their actual withdrawal from free circulation in the market, which means an additional decrease in the actual supply of cryptocurrency. Recall that at the beginning of the week, one of the investors said that he faced a certain shortage of bitcoins when trying to buy them through one of the cryptocurrency trading platforms.

Major players are increasing their investments in bitcoin, according to Pantera Capital

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