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Lincoln Avenue Capital Buys Its First 1,000 Bitcoins

Amy Liu

Summary: According to the official announcement, U.S.-based asset management firm Lincoln Avenue Capital has bought 1,000 Bitcoins (BTC) at the $33,525 level. This $33.5 million purchase constitutes five percent of the net value of the firm's assets under management. At the same time, Lincoln Avenue Capital shares its ambitions to increase this figure in the future. ...

According to the official announcement, U.S.-based asset management firm Lincoln Avenue Capital has bought 1,000 Bitcoins (BTC) at the $33,525 level. This $33.5 million purchase constitutes five percent of the net value of the firm's assets under management. At the same time, Lincoln Avenue Capital shares its ambitions to increase this figure in the future. As per the announcement, Lincoln Avenue Capital may invest up to 20 percent of its AUM into BTC.

By Amy Liu

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