Express

A New Crypto Player Joined The Game With $1 Billion, Backed By Billionaire Alan Howard

Mary Liu

Summary: According to Bloomberg, One River Asset Management, a hedge fund backed by billionaire hedge fund manager Alan Howard, has purchased "over $600 million" of Bitcoin and Ethereum in November. As Bitcoin price hits an ATH today, the company plans to increase its holdings to about $1 billion in early 2021.  Alan Howard backs One River in ...

According to Bloomberg, One River Asset Management, a hedge fund backed by billionaire hedge fund manager Alan Howard, has purchased "over $600 million" of Bitcoin and Ethereum in November. As Bitcoin price hits an ATH today, the company plans to increase its holdings to about $1 billion in early 2021. 

Alan Howard backs One River in many ways. He has bought shares in the business and invests in One River's fund. Elwood Asset Management, which established by Howard is providing trading services, market analysis, and technical support to One River.

By Mary Liu

Last Update:

Tags: ,,,,
Link: A New Crypto Player Joined The Game With $1 Billion, Backed By Billionaire Alan Howard   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 21 hours ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 13 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 14 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 16 days ago

    • You need to login to comment.