Pantera Capital announced its participation in 31 investments in 2025, including 21 new investments and 10 follow-on rounds, with 85% of new investments being lead investments. The venture capital firm’s portfolio now includes 265 companies. Notably, four of its portfolio companies—Circle, Amber Group, Figure, and Gemini—completed IPOs in 2025, achieving a combined market valuation of approximately $33 billion. The majority of Pantera's investments were directed towards Series A and B funding rounds. Infrastructure projects received the highest allocation at 33.9%, followed by consumer-focused ventures at 17.82%, AI and robotics at 16.4%, and stablecoins at 16.2%.