Investment firm GoldenTree Asset Management, which was founded by vulture investor Steve Tananbaum back in 2000, has been buying Bitcoin for years, according to a July 30 report by The Street that cites anonymous sources with knowledge of the matter.
The asset manager—which controls $45 billion worth of assets—treats the flagship cryptocurrency as a portfolio diversifier.
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As reported by U.Today, Point72 Asset Management owner Steve Cohen also recently mentioned that he was “fully converted” to crypto.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team