Media: US company with $45bn in assets has invested in bitcoin

August 2, 2021

US company with $45bn bitcoin

US asset management company GoldenTree Asset Management has invested some of its capital in bitcoin. This was reported by The Street, citing knowledgeable sources.

According to the publication, its management is also discussing hiring specialists in the field of cryptocurrency investments. The company sees digital gold as an acceptable diversifier for debt-focused portfolios.

GoldenTree has more than $45 billion in credit assets under management and, founded in 2000, specialises in high-yield bonds, leveraged loans and risky structured products.

Bitcoin rose above $42,500 on the Binance exchange on the night of August 1. At the time of writing, the first cryptocurrency is trading near $41,780.

bitcoin rose above

In early July, GoldenTree founder and chief investment officer Stephen Tananbaum, along with partners Deeb Salem and Joseph Naggara, invested in venture capital firm Borderless Capital's fund focused on the Helium ecosystem's HNT token.

We are excited to announce the close of our $10M staking and mining http://HNT.Fund. We look forward to help enable DeFi and CeFi applications for @helium $HNT on top of the @Algorand blockchain!

Previously, Borderless Capital helped startup Algorand launch the Eterna Borderless Venture Studio programme to fund projects to build applications on its blockchain.

Recall, according to Zeno Staub, head of Swiss private bank Vontobel, some wealthy clients are interested in transferring some assets into cryptocurrencies.

Finnish Customs invites bids from brokers for seized cryptocurrencies

The best way to secure your crypto investments is with a Bitcoin wallet, as crypto wallets let you control your cryptocurrency independently. Send and receive cryptocurrencies with the Coinomi Wallet.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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