GoldenTree, $41 billion hedge fund, puts Bitcoin on its balance sheet

GoldenTree has joined the slow march of hedge funds, insurance firms, and publicly-traded companies adding Bitcoin to their balance sheet, according to The Street. The firm has $45 billion in assets under management.

The Street reports that Golden Tree is “adding Bitcoin to its balance sheet as a diversifier for the broad mix of debt-focused strategies it has run for years.” At this time, GoldenTree is reportedly only venturing into Bitcoin, not other popular crypto assets like Ethereum.

The Street didn’t get an information on how much Bitcoin GoldenTree purchased. Check out “Who owns all the Bitcoin?” by Kevin Rooke to find out more about all the funds, governments, companies, and individuals who hold the most Bitcoin.

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