Pantera Bitcoin Fund Ltd is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Nov 14, 2025, the fund has sold $137,146,620 of interests to 141 investors since its first sale in Oct 2013. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Matthew Gorham; Scott Lennon; Glenn Kennedy.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $137,146,620Cumulative sales reported on Form D
- Investors
- 141
- First sale
- Oct 2, 2013
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Matthew Gorham; Scott Lennon; Glenn Kennedy
- Latest Form D
- Nov 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 54% of the 2,343 hedge funds based in Cayman Islands, and more than 63% of all 10,157 that report sales.