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Pantera invests $300 million in crypto treasury firms led by Tom Lee’s BitMine
Pantera Capital has announced a significant investment of over $300 million in Digital Asset Treasury companies (DATs). The firm’s portfolio is comprised of various cryptocurrencies, including Bitcoin, Ethereum, Solana, BNB, TON, Hyperliquid, Sui, and Ethena, with investments spanning across the United States, United Kingdom, and Israel.
The investment highlights BitMine Immersion (BMNR) as a prominent example. Since launching its ETH treasury strategy, BitMine has become the largest Ethereum treasury and the third-largest crypto treasury company globally, holding 1.15 million ETH worth approximately $4.9 billion.
In an effort to further expand its operations, BitMine recently announced plans to increase its at-the-market equity program by up to $24.5 billion, aiming to fund additional purchases as part of its goal, dubbed “The Alchemy of 5%”, to acquire 5% of the total ETH supply.
Source: cryptobriefing.com
