{"id":10326,"date":"2021-08-01T11:55:11","date_gmt":"2021-08-01T11:55:11","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/multi-billion-dollar-hedge-fund-goldentree-is-reportedly-adding-bitcoin-to-its-balance-sheet\/"},"modified":"2021-08-01T11:55:11","modified_gmt":"2021-08-01T11:55:11","slug":"multi-billion-dollar-hedge-fund-goldentree-is-reportedly-adding-bitcoin-to-its-balance-sheet","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/multi-billion-dollar-hedge-fund-goldentree-is-reportedly-adding-bitcoin-to-its-balance-sheet\/","title":{"rendered":"Multi-Billion Dollar Hedge Fund Goldentree Is Reportedly Adding Bitcoin to Its Balance Sheet"},"content":{"rendered":"

The hedge fund Goldentree, a firm with $41 billion in assets under management (AUM) has reportedly added the leading crypto asset bitcoin to its balance sheet. Unnamed sources detail that the American asset management firm leveraged bitcoin to diversify from traditional debt investment strategies. The wealth management firm allegedly has been looking for staff that understands blockchain technology and it\u2019s possible Goldentree is circling distressed businesses within the crypto industry.<\/strong><\/p>\n

Goldentree Asset Management Invests in Bitcoin: Report<\/h2>\n

A recent report<\/a> stemming from the financial publication The Street, says the mega-hedge fund Goldentree<\/a> has purchased bitcoin (BTC)<\/a>. The author of the report, Michael Bodly did not reveal the unknown source who explained that Goldentree invested in bitcoin. A source disclosed that executives at Goldentree are looking into employing staff that understands crypto solutions and blockchain tech.<\/p>\n

Despite looking for help, the undisclosed source told the reporter that the fund was fluent with things like \u201ctrading crypto and making VC-style investments in blockchain companies.\u201d It\u2019s also been said that three Goldentree executives have invested in the venture capital group Borderless Capital<\/a>. The report does not disclose how much Goldentree purchased, but it was said the hedge fund was looking for investment vehicles that are different from debt-based instruments.<\/p>\n

\u201cThe New York-based firm has been adding bitcoin to its balance sheet as a diversifier for the broad mix of debt-focused strategies it has run for years, according to two sources with knowledge of the matter,\u201d The Street journalist Bodly writes. \u201cThe sources were granted anonymity to discuss sensitive business dealings,\u201d the author\u2019s report adds.<\/p>\n

Goldentree Could Be Circling for Distressed Tech Companies<\/h2>\n

The unidentified source means, as far as the alleged BTC<\/a> on the company\u2019s balance sheet is concerned, Goldentree won\u2019t be included on the Bitcoin Treasuries<\/a> list. As of July 31, 2021, 59 public and private firms hold bitcoin (BTC)<\/a> on their balance sheets. Goldentree was founded 21 years ago by Steven Tananbaum, a well known American hedge fund manager. Bloomberg referred<\/a> to Tananbaum as \u201cone of Wall Street\u2019s biggest investors in distressed debt\u201d in 2018. Bitcoin (BTC)<\/a> as an investment vehicle is quite the opposite of traditional debt-based strategies Goldentree typically leverages.<\/p>\n

Goldentree\u2019s investment strategy has allowed it to capture $41 billion AUM from things like distressed and leveraged loans, and emerging debt markets. There\u2019s also a possibility that Tananbaum and Goldentree are circling the crypto and blockchain industry for distressed startups. In 2015, CNBC nicknamed<\/a> Tananbaum a \u201cvulture investor\u201d that was circling indebted tech companies. Since The Street reported on Goldentree\u2019s alleged bitcoin purchase, the hedge fund has neither confirmed nor denied the allegations.<\/p>\n

What do you think about the report that says Goldentree is stacking bitcoin in its treasury? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, $41 billion, Balance Sheet, Bitcoin, Bitcoin (BTC), Bitcoin Investing, Blockchain, Borderless Capital, Crypto, distressed debt, Distressed Tech Companies, Goldentree, Goldentree Asset Management, Goldentree executives, hedge fund, Steven Tananbaum, Treasury, vulture investor, wealth management<\/p>\n","protected":false},"excerpt":{"rendered":"

The hedge fund Goldentree, a firm with $41 billion in assets under management (AUM) has reportedly added the leading crypto asset bitcoin to its balance sheet. Unnamed sources detail that the American asset management firm leveraged bitcoin to diversify from traditional debt investment strategies. The wealth management firm allegedly has been looking for staff that…<\/p>\n","protected":false},"author":0,"featured_media":10327,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10326"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10326"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10327"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}