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Manchester
July 6, 2020
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Bitcoin

Singapore Hedge Fund, Bitcoin investment trust worth 27.6 billion yen


ThreeArrowsCapita was found to have GBTC’s whale or Singapore-based cryptocurrency hedge fund “ThreeArrowsCapital” holding 6.26% stake in the US grayscale Bitcoin mutual fund “GBTC”. (Refer to the US SEC record) The number of GBTC shares held by the hedge fund totals 21 million GBTC shares, which is equivalent to about $259 million (27.6 billion yen). Converted to physical Bitcoin, which is the underlying asset, it reaches 20,230 BTC. Grayscale bitcoin that is mainly used by institutional investors and…

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