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GoldenTree Adds Bitcoin to Its Balance Sheet: Report
The credit-focused firm is also considering hiring experts in cryptocurrency investments, the report said.
Updated Sep 14, 2021, 1:33 p.m. Published Jul 31, 2021, 9:04 p.m.
GoldenTree Asset Management, a New York-based with $45 billion under management, has been adding an undisclosed amount of bitcoin to its balance sheet, according a report by The Street, which cited two unnamed sources.
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- With the purchase, the credit-focused firm company has become the latest Wall Street firm to become involved in the largest cryptocurrency by market value.
- GoldenTree, which is run by founder and Chief Investment Officer Steven Tananbaum, is considering hiring experts in cryptocurrency investments as it turns its attention to the industry, the report said.
Read more: MicroStrategy CEO Likens Borrowing to Buy Bitcoin to Investing Early in Facebook
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