Data as of Q4 2025 (Dec 31, 2025)

Pantera Capital Partners LP

โ€ขCIK: 2067181โ€ขFiling: Q4 2025

**Pantera Capital Partners LP** manages $229M across a concentrated portfolio of 20 positions. The fund exhibits significant conviction in select names, with its largest holding in FIGR accounting for $63.0M. Notable allocations include BMNR at $38.7M and ORBS at $20.1M, indicating a focused, high-conviction approach to market opportunities. This structure suggests an active, bottom-up investment mandate targeting outsized returns from core holdings.

Total AUM
$229.2M
QoQ Performance
-70.8%
Positions
20
Top 10 Concentration
92.8%
Latest Filing
Q4 2025

Top Holdings Allocation

FIGR
BMNR
ORBS
M3BR
CANT
DYNA
PURR
FIGR27.5%
BMNR16.9%
ORBS8.8%
M3BRIGADE7.0%
CANTOR6.8%
DYNAMIX6.7%
PURR6.3%
HSDT4.9%

๐Ÿ“ˆ Biggest Buys

PURR
HYPERLIQUID STRATEGIES INC
NEW
6.3% of portfolio
โ€”
ARMADA ACQUISITION CORP II
NEW
4.5% of portfolio
โ€”
MOUNTAIN LAKE ACQUISITION CO
NEW
3.4% of portfolio
XXI
TWENTY ONE CAP INC
NEW
1.3% of portfolio
โ€”
ZOOZ STRATEGY LTD
NEW
0.8% of portfolio

๐Ÿ“‰ Biggest Sells

BMNR
BITMINE IMMERSION TECNOLOGIE
-39.3%
16.9% of portfolio
EMPD
EMPERY DIGITAL INC
-33.3%
2.0% of portfolio
TONX
TON STRATEGY CO
-96.9%
0.0% of portfolio
23I
FORWARD INDS INC N Y
-41.9%
0.6% of portfolio

Sector Breakdown

Other100.0%

๐Ÿšช Exited Positionssold since Q3 2025

HOTRUSD
SONNET BIOTHERAPEUTC HLDNG I
SOLD
$93.6M
โ€”
CANTOR EQUITY PARTNERS INC
SOLD
$89.5M
โ€”
HELIUS MED TECHNOLOGIES INC
SOLD
$57.9M
CRCL
CIRCLE INTERNET GROUP INC
SOLD
$55.5M
BITB
BITWISE BITCOIN ETF TR
SOLD
$28.6M
+3 more exited positions

Changes from Q3 2025

NEW6 new positions
โ†“4 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025