Multibillion Fund Prepares for Investment in Bitcoin
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16 November
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SkyBridge Capital, a global investment fund that manages $7.7 billion in assets, has said in its recent filings note it might seek exposure to cryptocurrencies by investing in specialized crypto funds.

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The firm claims it might also invest in companies providing technologies related to digital assets or other emerging technologies (e.g. blockchain).

"The Company may seek exposure to digital assets (as defined herein) by investing in Investment Funds that provide exposure to digital assets. Investments by the Company and/or Investment Funds may also be made in companies providing technologies related to digital assets or other emerging technologies," states the filing.

The company neither disclosed timelines of such an investment nor an amount.

In August 2020, MicroStrategy Incorporated, a worldwide provider of enterprise software platforms, purchased 21,454 BTC (EXANTE: Bitcoin) at an aggregate purchase price of $250 million as part of the two-pronged capital allocation strategy.

Paul Tudor to Embrace Bitcoin as Hedge Against Inflation

The company considers bitcoin as "a dependable store of value and an attractive investment asset with more long-term appreciation potential."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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