Billionaire Simon Nixon, the creator of Moneysupermarket.com, is planning to grow his crypto investments through his London-based venture capital firm.
According to a Bloomberg report published on Thursday, Adam Proctor, managing director of Nixon’s investment business Seek Ventures, stated the firm plans to boost its “allocation to crypto as we believe it is an important sector for the future.”
Furthermore, Seek Ventures is looking for an analyst to lead this crypto-focused initiative, according to Proctor.
Family offices are interested in digital currencies, according to Goldman Sachs, which claims that half of the family offices it works with want to add crypto to their portfolios.
Billionaires have been steadily investing in the Bitcoin (BTC) ecosystem, including Carl Icahn, who recently stated that he may invest up to $1.5 billion in crypto, noting, “Bitcoin to me is just a store of value.”
Furthermore, Alameda Research, a Hong Kong-based firm managed by FTX CEO Sam Bankman-Fried, saw the recent temporary drop in Bitcoin’s price to below $30,000 as an investment opportunity.
According to a new analysis, 14 Bitcoin fund issuers and asset managers possess 4 percent of the total Bitcoin supply, or 816,379 BTC, worth $40.1 billion.
The Grayscale Bitcoin Trust leads the pack with 654,600 BTC, or more than 3% of the total supply of Bitcoin. CoinShares’ XBT Provider comes in second with 48,466 BTC ($2.4 billion), accounting for 0.23 percent of the total supply, while the remaining 113,313 BTC is held by the remaining 12 issuers.
Furthermore, the data indicates that mainstream companies Tesla (42,902 BTC), MicroStrategy (108,992 BTC), and blockchain behemoth Block.one (140,000 BTC) have amassed a total of $14.2 billion in Bitcoin.