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Source: Tiger Global Sold Most of Its Crypto Assets at a Profit Months Ago

By WebsCryptoMay 13, 20221 Min Read
Source: Tiger Global Sold Most of Its Crypto Assets at a Profit Months Ago
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Tiger Global, which has a roughly 50-50 asset ratio between stocks and venture capital firms, has sold most of its crypto holdings at a profit several months ago, three people familiar with the matter said.

In addition to buying bitcoin BTC -0.13% and ethereum ETH 0.34%, the company has invested in DeFi protocols in an effort to gain exposure to the Web3 space, but appears to be profiting from liquidity trades in the short term before cashing out, the sources said.

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However, the exit from crypto trading has not affected the company’s venture business, with Tiger leading a $40 million Series A round for blockchain banking startup BVNK at a post-money valuation of $340 million.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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