2026-01-16 10:42:51

Pantera Capital delivers its 2025 investment report.

Since the beginning of this year, this well-known crypto fund has completed a total of 31 investments, including 21 new investments and 10 follow-on investments. Among the new investments, Pantera led 85% of the deals, demonstrating its strong influence in project selection. The total number of portfolio companies has expanded to 265, covering multiple key areas of the Web3 ecosystem.

More notably, four companies supported by Pantera—Circle, Amber Group, Figure, and Gemini—went public in 2025. These companies have a combined market value of approximately $33 billion, further validating Pantera's foresight in early project assessment.

In terms of investment focus, Pantera's capital continues to be concentrated on growth-stage projects, mainly in Series A and Series B funding rounds. Regarding sector distribution, infrastructure projects received the most attention, accounting for 33.9%, reflecting the market's emphasis on underlying technological innovation.

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Degen4Breakfast

· 01-19 09:23

Pantera's vision is truly exceptional. All four have gone public with a valuation of $33 billion. This is the gap between track players and fund players.

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ForkMonger

· 01-18 22:48

ngl pantera's governance structure is basically begging for a fork... 85% dominance on deal selection? that's not vision, that's centralization theater lmao

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InscriptionGriller

· 01-17 15:09

Oops, Pantera is a major bottom-fishing whale, with an 85% dominance. Their influence is truly formidable. The list of publicly traded companies worth $33 billion, the projects invested in early on have now taken off. No wonder they dare to be so arrogant. Infrastructure is getting crushed; everyone is pouring money into underlying technology, but the real profit still goes to those top-tier funds. --- Another VC story. Retail investors watch the excitement; they watch the money. --- 265 investment portfolios. Are they trying to hold the entire Web3 ecosystem in their hands? --- Series A and B rounds are competing fiercely, afraid of missing the next unicorn. The pace is truly exciting. --- Basically, it's a capital scheme in operation. Whoever gets on board first makes money first. Are retail investors going to catch up later? Ha. --- Pantera's vision is indeed seasoned, but the question is, how can we keep up?

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LiquidatedTwice