BTC is now part of the balance sheet of GoldenTree Asset Management
2 min readTL;DR Breakdown
- GoldenTree Asset Management is one of the biggest fund manager firms in the city of New York.
- The organization has earned quite a reputation after holding around $45 billion in its coffers.
- BTC investment has gathered a lot of attention from the firm as it recently took part in the funding of Borderless Capital.
While BTC is desperately trying to get away from the clutches of the bears, institutional money seems to be flowing in for cryptocurrencies. BTC has rapidly attracted the attention of many fund managers, each of them trying to indulge in the blockchain industry.
The fund management firm GoldenTree Asset Management has recently developed a keen interest in BTC, as was clear from the participation of the executives from GoldenTree Asset Management in the funding of the blockchain giant Borderless Capital.
The balance sheet of GoldenTree Asset Management
The balance sheet of GoldenTree Asset Management has been a fund management firm that has been quite active in the blockchain industry recently. As reported by The Street, the balance sheet of the organization mentions BTC investment by the firm.
This means that the firm holds BTC and this made the organization one of the newest members of the BTC investors club. Investing in BTC is not the only goal for the organization as it seeks to hire crypto experts to guide the organization towards the future.
GoldenTree is not the first organization.
GoldenTree is not the first asset manager to invest in cryptocurrencies this year, as plenty of cryptocurrencies have been involved with BTC investment. The demand for BTC ETFs is also on the rise, and approval requests with the United States SEC have been piling up.
It seems that the biggest institutions around the world now also want to play their role in the blockchain industry as none of the organizations wants to be left out.
