GoldenTree Investment Firm Adds Bitcoin To Its Reserves.
2021-07-31 | Mike Hallen
New York-based asset management firm GoldenTree has reportedly added Bitcoin [BTC] to its
reserves, though
the quantity of this supposed investment still remains undisclosed.
In line with an official report from financial news outlet The Street, the firm with roughly $45 Bln in assets under management has
purchased some Bitcoin [
BTC] but has seemingly shied far away
from other cryptocurrency investments. Citing two sources with knowledge of the matter, the publication reported the BTC purchase followed discussions between executives regarding hiring staffers known to the crypto investments.
Executives at the firm, along with the founder Steven Tananbaum and partners Deeb Salem and Joseph Naggar invested within funding round this month for Borderless Capital, which earlier assisted in the launch of an accelerator program from Algorand. Borderless also participated in a funding round for the Coinbase-backed digital asset brokerage Securitize.
Other asset management firms have begun to delve into the cryptocurrency ecosystem also, either via direct investments or by offering investment vehicles for Bitcoin and other tokens. Last week, Stone Ridge Asset Management filed a prospectus with the United States SEC [Securities and Exchange Commission]
to feature BTC to its open-end
mutual fund. Earlier on Wednesday, Contrarian
investment company, Horizon Kinetics advised investors
to hunt exposure to crypto assets
to guard themselves against currency debasement.
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