{"id":6919,"date":"2021-07-30T22:48:04","date_gmt":"2021-07-30T21:48:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6919"},"modified":"2021-07-30T22:48:12","modified_gmt":"2021-07-30T21:48:12","slug":"goldentree-asset-management-reportedly-invests-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/goldentree-asset-management-reportedly-invests-in-bitcoin\/","title":{"rendered":"GoldenTree Asset Management reportedly invests in Bitcoin"},"content":{"rendered":"\n
GoldenTree, a New York-based asset management firm, is said to have added Bitcoin<\/a> to its balance sheet, however, the size of the alleged investment remains unknown.<\/h5>\n\n\n\n
\"GoldenTree<\/figure>\n\n\n\n

According to a story published Friday by financial news outlet The Street, the \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>firm, which manages around $45 billion in assets, has purchased some Bitcoin (BTC) but has reportedly avoided other cryptocurrency investments.<\/p>\n\n\n\n

The journal stated that the BTC purchase followed discussions between executives about adding personnel acquainted with crypto investing, citing two persons with knowledge of the situation.<\/p>\n\n\n\n

Borderless Capital, which previously helped develop an accelerator program from Algorand, received money from the firm's executives, including founder Steven Tananbaum and partners Deeb Salem and Joseph Naggar.<\/p>\n\n\n\n

Borderless also took part in a funding round for Securitize<\/a>, a digital asset securities startup sponsored by Coinbase.<\/p>\n\n\n\n

Other asset management businesses have begun to enter the crypto industry as well, either through direct investments or by selling Bitcoin and other tokens as investment vehicles.<\/p>\n\n\n\n

Stone Ridge Asset Management filed a prospectus with the US Securities and Exchange Commission last week. BTC will be added to the Securities and Exchange Commission's open-end mutual fund.<\/p>\n\n\n\n

Horizon Kinetics, a contrarian investing firm, recommended investors seek exposure to crypto assets to safeguard themselves against currency depreciation on Wednesday.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GoldenTree, a New York-based asset management firm, is said to have added Bitcoin to its balance sheet, however, the size of the alleged investment remains unknown. According to a story published Friday by financial news outlet The Street, the firm, which manages around $45 billion in assets, has purchased some Bitcoin (BTC) but has reportedly […]<\/p>\n","protected":false},"author":12,"featured_media":6920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[1869,152,1868],"class_list":["post-6919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-assets-manager","tag-bitcoin","tag-goldentree"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/GoldenTree-Asset-Management-reportedy-invests-in-Bitcoin.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6919"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6920"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}