Pantera Report: Bitcoin fund has achieved a return of 1000 times since its launch, and in 2015, it paid for travel expenses with 88 BTC
ChainCatcher news, according to the latest report from Pantera, the Pantera Bitcoin Fund has recently achieved a milestone of 1000 times growth, with a post-election surge causing the fund's share price to rise an additional 30%, bringing the fund's lifetime return since inception to 131,165%. Pantera purchased 2% of the world's Bitcoin from 2013 to 2015.
Over the years, it has made efforts to help the community in various ways. Therefore, when Expedia announced in 2014 that it would accept Bitcoin, all travel expenses on Expedia were paid with Bitcoin. In 2015, the team spent 59 nights on the road, averaging 1.5 BTC per night, totaling 88 Bitcoins, which at current prices amounts to $8,683,136, enough to buy two hotels.
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