- Pantera Capital raises funds for its second investment in TON’s Toncoin token.
- The fund, dubbed the Pantera TON Investment Opportunity,” aims to purchase more TON tokens.
- The firm announced its largest-ever investment in TON, leaving the amount undisclosed.
Venture capital firm Pantera Capital is seeking to increase its exposure to The Open Network’s Toncoin (TON) with a second dedicated fund, signaling continued confidence in the layer-1 blockchain associated with Telegram.
The fund, titled “Pantera TON Investment Opportunity,” aims to acquire additional TON tokens.
In an email to potential investors, Pantera invited participation in the funding round, stating, “We are inviting you to participate in the next round of this investment opportunity.” Pantera had previously announced a significant investment in TON in May, but did not disclose the amount.
According to Wu Blockchain, Pantera had earlier indicated a $250 million purchase of discounted SOL from FTX.
Pantera Capital founder Dan Morehead said TON is the largest investment Pantera has ever made, but did not disclose the specific amount, nor the discounted price for purchasing TON token…The post Toncoin Attracts Second Investment from Pantera Capital appeared first on Coin Edition.