Pantera Capital Don Commit $300M to Crypto Treasury Firms
Pantera Capital don commit $300 million to crypto treasury companies across US, UK and Israel. These digital asset treasuries dey use yield strategies like staking rewards, DeFi lending, stock issuance wey set above net asset value plus convertible bonds to make token holdings per share grow, even if market just dey flat. Di fund first investment na for BitMine Immersion Technologies wey get about 1.2 million ETH (around $5.3 billion) and dey target to control 5% of Ethereum total supply. Since dem start their ETH buying program for June, BitMine shares (BMNR) don grow pass 1,100%, way higher pass Ether gain wey be 90%. Pantera plan to expand BitMine’s at-the-market equity program reach $24.5 billion. Pantera portfolio cover BTC, ETH, SOL, BNB, TON, SUI and ENA, showing how institutions dey find crypto treasury services more. Even though Pantera talk say these companies fit trade at premium by generating yield above capital cost, people like Vitalik Buterin and Standard Chartered analysts warn say too much leverage and market downturn fit scatter stability.
Bullish
Dis news good for ETH and tokens wey follow am. Pantera put $300 million for crypto treasury firms, especially how BitMine Immersion dey grow fast, show say institutional people get strong confidence for Ethereum long-term value and need for digital asset treasury services. BitMine share rise and aggressive equity program show say money fit enter ETH, wey go make price go higher. Even though leverage fit get risk, for short term e go increase buying pressure plus better market feeling.