Billion Hedge Fund GoldenTree Adds Bitcoin to Balance Sheet

GoldenTree, a hedge fund with $41 billion in assets under management, has added bitcoin to its balance sheet, The Street reported earlier today.

According to The Street, GoldenTree purchased bitcoin to diversify from the conservative, debt-based strategies it has used in the past. The news outlet did not identify its sources, stating only they were “granted anonymity to discuss sensitive business dealings.”

One of the sources said that executives at GoldenTree have been considering hiring general cryptocurrency investment and operational experts.

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