[5] The firm was founded in San Francisco, California in 2003 by Dan Morehead, before opening offices on Silicon Valley's Sand Hill Road.
[6] The fund was initially focused on global macro before moving into digital assets with Joey Krug, the founder of the first major Ethereum project, Augur.
[9] The company invested money in the fraudulent cryptocurrency firm FTX and was hit hard by its collapse in November 2022.
[10] In 2013, Pantera launched the first investment fund focused on Bitcoin in the United States.
[2][3] The fund opened an office in New York during the early 2000s and established operations in Puerto Rico in 2021.