Investment 📉📈
- Billionaire hedge fund manager Paul Tudor Jones, who revealed in May 2020 that he holds almost 2% of his assets in Bitcoin.
- Grayscale Investments currently owns roughly 400,000 Bitcoin and purchases over $100 million dollars worth each week, putting it on track to own 3.4% of all Bitcoin by January 2021. Grayscale also holds about $4 billion worth of Ether (ETH).
- Fidelity Investments conducted a survey of 774 institutional investors in June 2020 and found that 36% own cryptocurrencies or derivatives. Even more important for the future, 80% say they see something appealing in the digital asset class.
- Through the first half of 2020, more than 20 financial institutions, ranging in assets from $10 million to more than $5 billion, revealed they owned bitcoin via the Grayscale Bitcoin Trust, a publicly traded investment vehicle that owns Bitcoin and loosely tracks its price.
- In October 2020, payments company Square invested $50 million in Bitcoin in order to diversify its largely USD-denominated balance sheet, becoming the latest large institution plowing big money into the world's first cryptocurrency.
