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$45 Billion Asset Manager GoldenTree Has Bitcoin on Its Balance Sheet

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Fri, 30/07/2021 - 17:06
$45 Billion Asset Manager GoldenTree Has Bitcoin on Its Balance Sheet
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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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Tananbaum is the latest addition to the growing list of Wall Street legends of the likes of Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller that have ventured into Bitcoin.

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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.

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