$41 Billion Hedge Fund GoldenTree Has Added Bitcoin To Its Balance Sheet
GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin.GoldenTree, a hedge fund with $41 billion in assets under management, has added bitcoin to its balance sheet, The Street reported earlier today.According to The Street, GoldenTree purchased bitcoin to diversify from the conservative, debt-based strategies it has used in the past. The news outlet did not identify its sources, stating only they were "granted anonymity to discuss sensitive business dealings."One of the sources said that executives at....
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The hedge fund Goldentree, a firm with $41 billion in assets under management (AUM) has reportedly added the leading crypto asset bitcoin to its balance sheet. Unnamed sources detail that the American asset management firm leveraged bitcoin to diversify from traditional debt investment strategies. The wealth management firm allegedly has been looking for staff that understands blockchain technology and it’s possible Goldentree is circling distressed businesses within the crypto industry. Goldentree Asset Management Invests in Bitcoin: Report A recent report stemming from the....
At least three executives at the $45 billion firm have participated in a funding round for the blockchain-focused VC group Borderless Capital. New York-based asset management firm GoldenTree has reportedly added Bitcoin to its balance sheet, though the amount of this supposed investment remains unknown.According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has purchased some Bitcoin (BTC) but has seemingly shied away from other cryptocurrency investments. Citing two sources with knowledge of the matter, the....
Luxury jewelry reseller SFLMaven announced they plan to accept bitcoin as payment and have added BTC as a line item on their balance sheet.
Companies with bitcoin on their balance sheets have recorded massive losses following the crash. These companies which have gradually added BTC to their holdings had made a profit into the billions when the price of the cryptocurrency was surging. However, since the downtrend that caused bitcoin to lost about 50% of its value, they have […]
The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those funds discusses one of the market’s biggest mysteries and how people have seemingly forgotten about this massive stash. A number of people understand that the Silk Road marketplace was shut down by global law enforcement (LE) in October 2013 and LE subsequently arrested Ross Ulbricht shortly after. Individuals are also familiar with the 173,991 BTC ($1.9B) from the Silk Road coins that were....