GoldenTree Asset Management is investing in Bitcoin: Report

New York-based GoldenTree Asset Management, with $45 billion under management, has been adding Bitcoin BTC/USD to its balance sheet, TheStreet reports. 

• The credit-focused firm GoldenTree has become the latest Wall Street firm to become involved in cryptocurrency.
• The BTC purchase by the company followed discussions between executives regarding hiring staffers familiar with crypto investments, the report said, citing two sources with knowledge of the matter.
• According to the report, the partners at the fund are already experienced in “trading crypto and making VC-style investments in blockchain companies.”
• GoldenTree is run by founder and Chief Investment Officer Steven Tananbaum.