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Dan Tapiero Launches $200M Fund to Invest in Crypto Companies
Tapiero is joined by Michael Dubilier and Stan Miroshnik.
By Zack Voell
Updated Sep 14, 2021, 12:06 p.m. Published Feb 3, 2021, 9:54 p.m.
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Investor and entrepreneur Dan Tapiero is launching a $200 million fund called 10T Holdings to invest in cryptocurrency startups.
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- The long-time bitcoin advocate filed to launch the new fund Tuesday, per documents from the U.S. Securities and Exchange Commission.
- Tapiero's filing comes amid a stampede of other institutional interest in investing and building in the cryptocurrency industry as bitcoin has returned gains near 300% in the past year.
- In addition to Tapiero, the filing lists as investors longtime investor Michael Dubilier and Stan Miroshnik, former CEO of crypto-focused advisory firm Argon Group.
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Crypto market drowns in red as bitcoin falls to $68,000
Traders are bracing for a heavy week of macroeconomic events, including Fed minutes and the core PCE inflation report.
Ano ang dapat malaman:
- Bitcoin wilts, pushing the broader market into the red.
- Losses have hit 85 out of the top 100 tokens.
- The sell-off comes despite weaker U.S. inflation data that strengthened expectations for at least two Federal Reserve rate cuts.
- Traders are bracing for a heavy week of macroeconomic events, including Fed minutes and the core PCE inflation report.
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