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GoldenTree Adds Bitcoin to Its Balance Sheet: Report

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GoldenTree Asset Management, a New York-based with $45 billion under management, has been adding an undisclosed amount of bitcoin to its balance sheet, according a report by The Street, which cited two unnamed sources.

  • With the purchase, the credit-focused firm company has become the latest Wall Street firm to become involved in the largest cryptocurrency by market value.

  • GoldenTree, which is run by founder and Chief Investment Officer Steven Tananbaum, is considering hiring experts in cryptocurrency investments as it turns its attention to the industry, the report said.

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