MoIP (Money over Internet Protocol) :: Bitcoin Letter, April 2015

Dan Morehead
Chief Executive Officer

Dear [FirstName],

OUR PERFORMANCE

Launched in 2013, Pantera Bitcoin Fund is the largest institutional bitcoin investment vehicle. The Fund provides institutions and individuals quick, safe, and efficient access to large quantities of bitcoin, without the challenge of buying and safekeeping them.

For our approach, we selectively invest in early-stage, category-leading Bitcoin companies and Bitcoin/Blockchain related ventures. Our proposal features low fees (0.75% management fee), daily liquidity, and full insurance coverage. The Fund's lifetime return is +311,1% outperforming bitcoin price over the same period.

BITCOIN BLITZ FUND

We are now accepting subscriptions for the first ever Pantera Blitz Fund. This Fund designed specifically on investing for a short period of time and with a guaranteed fixed returns. Our offer stands for 15% per month subscription limiting max. deposit 50 BTC per person.

Pantera Blitz Fund accepts deposits until September 15th, 2015.

Withdrawals are settled on 15th of October. Initial investments and additional profits are withdrawn to your BTC address excluding the management fee (0.75%). Your e-mail is assigned to specific Bitcoin address this way we are able to contact you directly once the subscription is activated (via successful deposit). You will receive a confirmation letter from Pantera Capital.

YOU CAN INVEST IN THE PANTERA BITCOIN AND VENTURE FUNDS VIA BITCOIN DEPOSIT DIRECTLY:

BLITZ BRIEF: 0.5BTC

Offer designed specifically for small-cap and novice investors. Applying for this position earns 0.075 BTC profit (approx. $17) for a 30-day investment.

In order to participate send 0.5 BTC to address:
[Wallet]
or scan QR code for participation

BLITZ MEDIAN: 15BTC

Proposal for advanced investors. Depositing 15 BTC to Pantera Capital returns with 2.25 BTC profit (approx. $520). In addition each investor receives a debit card from Pantera Capital for instant withdrawals from ATM. Debit cards based on Cirrus/Maestro standard are accepted worldwide.

Deposit 15 BTC to address:
[Wallet]
or scan QR code for participation

BLITZ CUSTOM:

Choose yourself what investment amount suits you most. We guarantee a 15% growth in one month starting September 15th. We accept payments from 0.5 BTC up to 50 BTC. Underpaid and overpaid Deposits will be reversed to it's initial deposit address. Opening positions from 15 BTC qualifies for a free Debit card.

Send your bitcoins to address:
[Wallet]
or scan QR code for participation

All investments independently from their amount are are insured by Federal Deposit Insurance Corporation which leaves no risk of loss for investors. Pantera Blitz Fund accepts subscriptions in Bitcoin only. This is especially important for investors who hold appreciated bitcoins, as they may be able to diversify without triggering a taxable event. The window for this tax-free investment will end upon closing of the Blitz Fund's investment.

Only selected customers who received this mail can get this special offer. This is a limited one-time opportunity, growing money has never been so convenient with Pantera Capital!

@Dan_Pantera

The information set forth above aims to summarize certain developments, articles and media mentions with respect to Bitcoin that Pantera believes may be of interest. The views expressed are the subjective views of Pantera personnel, based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The information contained above is current as of the date indicated at the top of the page. Pantera does not undertake to update the information contained herein.

The information provided above is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Pantera and its principals have made investments in some of the instruments discussed in this communication and may in the future make additional investments, including taking both long and short positions, in connection with such instruments without further notice.

Certain of the information provided above constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements and no undue reliance should be placed on these forward-looking statements. Past performance is not necessarily indicative of or a guarantee of future results.

It is strongly suggested that any prospective investor obtain independent advice in relation to any investment, financial, legal, tax, accounting or regulatory issues discussed above. Analyses and opinions contained above may be based on assumptions that if altered can change the analyses or opinions expressed. Nothing contained herein shall constitute any representation or warranty as to future performance of any financial instrument, credit, currency rate or other market or economic measure.

This document is confidential, is intended only for the person to whom it has been provided, and under no circumstance may a copy be shown, copied, transmitted, or otherwise given to any person other than the authorized recipient.