Pantera Bitcoin Fund Ltd
Pantera Bitcoin Fund Ltd is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Nov 14, 2025, the fund has sold $137,146,620 of interests to 141 investors since its first sale in Oct 2013. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Matthew Gorham; Scott Lennon; Glenn Kennedy.
Performance
No verified returns have been reported for this fund. As a rough guide, Pantera Capital, which manages it, disclosed U.S. stock holdings that returned an estimated -27.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is -62.5% (S&P 500: +27.4%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $137,146,620Cumulative sales reported on Form D
- Investors
- 141
- First sale
- Oct 2, 2013
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Matthew Gorham; Scott Lennon; Glenn Kennedy
- Latest Form D
- Nov 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Pantera Bitcoin Fund Ltd
What is the minimum investment for Pantera Bitcoin Fund Ltd?
According to its latest Form D, filed Nov 14, 2025, the minimum investment Pantera Bitcoin Fund Ltd accepts from an outside investor is $50,000.
Who can invest in Pantera Bitcoin Fund Ltd?
Pantera Bitcoin Fund Ltd is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Pantera Bitcoin Fund Ltd raised?
Pantera Bitcoin Fund Ltd reports $137,146,620 sold from 141 investors on its Form D filed Nov 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Pantera Bitcoin Fund Ltd based?
Pantera Bitcoin Fund Ltd is based in Grand Cayman, Cayman Islands and is managed by Pantera Capital.
When did Pantera Bitcoin Fund Ltd launch?
Pantera Bitcoin Fund Ltd reports its first sale in Oct 2013.
Size compared with every hedge fund
Raised more than 54% of the 2,363 hedge funds based in Cayman Islands, and more than 63% of all 10,307 that report sales.