Pantera Bitcoin Fund Ltd Files “Form D” with SEC
$96,042,177 Invested So Far
Pantera Bitcoin Fund Ltd Files “Form D” with SEC: $96,042,177 Invested So Far
By Brian Cohen
6/8/2014 [11:10 AM EST]
Form D
Companies may use an exemption under Regulation D to offer and sell securities without having to register the offering with the SEC. When relying on such an exemption, companies must file what’s known as a “Form D” after they first sell their securities. Form D is a brief notice that includes basic information about the company and the offering…
Source: https://www.sec.gov/answers/formd.htm
Date Filed 6/5/2014
Total Amount Sold $96,042,177 (so far)
Minimum investment accepted from any outside investor $100,000 USD
45 Investors Invested so far
via SEC Filing: http://www.sec.gov/Archives/edgar/data/1598389/000090266414002722/xslFormDX01/primary_doc.xml
“Crazy Math” (could be inaccurate calculation)$96,042,177/45 = $2,134,270 per investor invested (assuming each investor invested same amount)
Additional Info:
Fortress, Benchmark and Ribbit Buy Stake in Pantera Bitcoin (Nathaniel Popper; New York Times, 3/18/2014)
Pantera, Fortress Set Bitcoin Fund (Michael J. Casey; New York Times, 3/18/2014)
