Billionaire Steven Cohen Invests A Fortune In Cryptocurrencies
Steven A. Cohen, the Billionaire owner of Point72 Asset Management and S.A.C Capital advisors, has reportedly invested in a hedge fund focusing on cryptocurrencies and block-chain based companies. The investment was funded from Steven Cohen’s private equity firm.
The investment was made to Autonomous Partners, which is a hedge fund based project started by Arianna Simpson last December.
Cohen Private Ventures is an organization which invests in private equity and other long-term investments. It also provides consultations on a fee basis. The owner, Steven Cohen, has a history of working and investing in many Simpson projects.
Cohen previously invested in the ‘Crystal Towers Capital’, headed by Arianna Simpson. Autonomous Partners, in an interview, has mentioned that they have acquired funding from additional sources like UNION SQUARE VENTURES, Coinbase CEO Brian Armstrong, and David Sacks, the former COO of PayPal and Co-founder of Craft Ventures; the funds summing to around ‘low eight digits’.
Arianna herself has a history in cryptocurrencies in Bitcoin Space, as well as in the Bitcoin wallet startup BitGo. According to Simpson, funds seeks an investment that can add much value to company beyond their capital.
Autonomous Partners have a percentage of their funds dedicated to cryptocurrencies like Ethereum and Bitcoin. They focus on security and anonymity in altcoins and as well as cryptocurrency related projects. Simpson also said that investing in next-generation altcoins is also one of the focuses of the company.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Leave a Reply