Wu said that Pantera Capital announced a total of 31 investments in 2025 (21 new investments and 10 follow-ons), with 85% of the new investments being lead investments; the venture capital portfolio covers 265 companies, and it is reported that Circle, Amber Group, Figure, Gemini, and other four invested companies completed IPOs in 2025, with a total market value of approximately $33 billion. The funds are mainly allocated to Series A / B, with infrastructure (33.9%) accounting for the largest share in the sector, followed by consumer (17.82%), AI + robotics (16.4%), and stablecoins (16.2%).

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