According to 210k Capital, a hedge box founded by businessman David Billy, huge gains from the possession of digital assets after it helped persuade US President Donald Trump to adopt a political position in support of rental, highlighting the potential impact of the organization favorable on the digital assets sector.
The fund has achieved 640 % net in 12 months to June, largely driven by investments in companies circulated publicly, added Bitcoin (BTC) To their budgets, Bloomberg I mentioned.
As a special entity, the 210K capital is not required to disclose the financial statements, but Bloomberg got numbers from an unknown source, he also said that the fund’s wealth stems from treasury investments in Bitcoin in many countries, including the United States, the United Kingdom, Canada, Australia and Sweden.
The mother company of the hedge fund, UTXO Management, Reports 210k Capital has investments in many bitcoin companies, including strategy (MSTR), Metaplant (3350), MON Inc. (1723), The Smart Web Company (SWC), The Blockchain Group (altbg), Liquid Technologies (LQWD), H100 (H100), Matador (Mata) (Mata) (DV8).
Administrative partner, Tyler Evans Bloomberg, told the company that evaluates 30 additional investments in the so-called bitcoin-companies operating in the Bitcoin ecosystem.
Billy, a serial businessman and founder of Bitcoin and BTC Inc. , As a major encryption consultant for Trump’s presidential campaign at the time. Bloomberg describes him as the main architect behind the Trump axis towards Bitcoin.
While little publicly is publicly known about 210,000 capital, the Pelly effect feels widely across the ecosystem of digital assets. in May, Cointelegraph mentioned Bitcoin Investment, Nakamoto Holdings, raised $ 300 million and exploration of a possible general offer.
The company later raised an additional $ 51.5 million as part of Integration with the health care providerIt aims to increase the expansion of the treasury strategy in Bitcoin.
Related to: How Nasdaq collected $ 51.5 million in 72 hours, only to buy bitcoin
In the footsteps of the strategy: Treasury companies are acquired in Bitcoin traction
Since Michael Celor’s strategy, which was previously working in Microstrategy, Bitcoin has adopted the origin of the Treasury in August 2020, followed more than 150 companies, according to industry data. At least 47 private companies have unveiled the bitcoin contract on their public budgets.
The strategy invests in 2025, where Bitcoin continues to reach record levels, Recently climbing more than $ 123,000. However, analysts remain divided into long -term expectations of the Bitcoin Treasury.
Investment Capital Company Warning recently generated The success of the Bitcoin Treasury depends greatly on maintaining a much higher market value than its multiplication on the net asset value, or MNAV. For strains, mnav Representation The company’s formation in relation to the value of its digital assets.
For example, the continuous decrease in Bitcoin price may lead to a decrease in the company MNAV, which increases the erosion of its ability to increase debt to finance BTC purchases.
Others, like Glassnode James CheckThey argue that companies that jump on bitcoin without a clear position or a long -term strategy will struggle to obtain permanent power.
“I think we are already close to the” Show Me “stage, as it will be increasingly difficult for the random company X to maintain a bonus and leave the ground without a dangerous position,” books On x.
However, the bitcoin adopting car takes place in a pivotal moment in the development of the industry. Last week, the Republican House of Representatives Three encryption bills passed Stablecoins processing, market structure and prohibiting the creation of a digital currency for the Central Bank.
magazine: Bitcoin is invisible between claims and CypherPunks
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