$45B Asset Manager GoldenTree Has Reportedly Bought Bitcoin

GoldenTree Asset Management, a US asset management giant with $45B in AUM, has reportedly purchased portions of the primary cryptocurrency. The move aims to diversify some of the organization’s already existing strategies.

GoldenTree is an asset manager headquartered in New York City with offices in numerous other important financial cities such as London, Singapore, Tokyo, and Sydney.

The institution has dipped its toes in the cryptocurrency industry by purchasing an undisclosed amount of bitcoin.

Citing two sources familiar with the matter, the coverage indicated that putting BTC on the balance sheet will work as a diversifier for the “broad mix of debt-focused strategies it has run for years.”

GoldenTree has reportedly had internal discussions to establish a dedicated team responsible for its cryptocurrency investments.

With GoldenTree, the number of large asset managers showing an appetite for bitcoin keeps growing.

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