Pantera Capital spent over $100 million to buy TON at a 40% discount

According to Bloomberg, venture capital funds that invested in Toncoin are now considering if France's actions against Pavel Durov might lead to users leaving Telegram. ๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ“‰

An anonymous source revealed that Pantera Capital spent over $100 million to buy TON at a 40% discount, which means they likely purchased TON at around $2.5, and this investment remains profitable. ๐Ÿ’ต๐Ÿ’น

The TON tokens acquired by Pantera have a one-year lock-up period, after which they can gradually sell TON. ๐Ÿ”’โณ On May 2, Pantera Capital announced this as their largest investment in the Telegram TON blockchain, with estimates suggesting it could be around $250 million. ๐Ÿ“ˆ๐Ÿ“Š

Meanwhile, the TON Foundation stated that they have never raised funds. Other investors like Animoca Brands and Mirana Ventures declined to comment on their investments. ๐Ÿ“ง๐Ÿค”

What are their moves? ๐Ÿค” $TON