Pantera’s $300M Crypto Treasury Push Signals Institutional Demand

As institutional interest in crypto grows, Pantera Capital has revealed a $300 million+ investment in digital asset treasury (DAT) companies, positioning them as a yield-generating alternative to ETFs or direct holdings.

The firm has also raised two DAT funds surpassing $100 million, with investments in Bitcoin, Ethereum, and newer assets like Hyperliquid and Toncoin.

According to Cosmo Jiang, Pantera is evaluating—but hasn’t committed to—a third fund, reflecting cautious optimism in the sector.