Crypto Hedge Fund Pays Investors' $10,000 WSOP Buy-In Fees

Crypto hedge fund Pantera Capital says it will reward seven existing investors with free tickets it received to the 49th Annual World Series of Poker in Las Vegas.  Lodging and other travel expenses will be included.

The company received the tickets from Virtue Poker, a decentralized poker platform built using ethereum.

“As you can imagine, we were ambivalent to this award — it had no bearing on our investment decision in the project,” Pantera President Bill Healy wrote in an email Wednesday. “In the spirit of always thinking about our LPs, Pantera thought it would be fun to offer these tickets and pre-paid accommodation awards to our LPs.”

Pantera Capital’s Digital Asset Fund, which includes a number of virtual currencies, dropped 26 percent in May.

Gibraltar-based Virtue Poker has brought on big name pro Phil Ivey as an ambassador along with Dan Colman and Brian Rast. 

Virtue Poker owns 30% of Ivey’s action in $100,000 of his this year’s WSOP tournaments.

- Ace King, Gambling911.com