Pantera Seeking $1.25 Billion for Second Blockchain Fund

Pantera Capital plans to raise $1.25 billion for its second blockchain fund, tapping into growing appetite for digital assets among institutional investors even as prices swoon, founder Dan Morehead said.

Morehead aims to close the fund, which will invest in equity as well as digital tokens, by May, he said in an interview Wednesday at a conference in Singapore. He’s also looking to buy additional shares in some companies Pantera already owns, after valuations dropped.