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Vandana Malik
Jan 5, 2021

Three Arrows Capital Invests $1.3B Funds in Bitcoin

Three Arrows Capital Bitcoin
Three Arrows Capital, a hedge fund manager, has recently invested $1.3 billion of funds in Bitcoin. According to the new filing by the U.S. SEC, the firm can disclose a huge share in Grayscale’s Bitcoin Trust. Moreover, it has become the second company after MicroStrategy to invest such a huge share of funds in Bitcoin. 

Three Arrows Capital does not hold Bitcoin directly as they are managed by Grayscale. The major purpose of Grayscale is to help the institutions as well as retail investors to invest in a completely secure Bitcoin project. 

Three Arrows Capital Now Owns 38888888 GBTC

After this recent investment, Three Arrows Capital now owns 38888888 GBTC which is equal to 36969 BTC. This has been revealed by Kyle Davies, co-founder of the firm, through a tweet on January 04, 2020. In the past few months, it has been seen that billions of dollars have been invested in the Bitcoin market from institutional investors. Institutional investors have now become quite confident in investing in Bitcoin and this investment trend is increasing constantly. They don't seem to get bothered with the small ups and downs in its price.

Moreover, the investors are not even concerned about the huge capital inflow in the crypto market of the largest cryptocurrency as this was the only factor that was keeping them from investing in Bitcoin. 

Beginning of Capital Inflow Into the Crypto Market

Some of the prominent and influential firms from outside the crypto sector are showing great interest in it. In the past few months, it is recorded that several prominent firms have invested widely in Bitcoin. This is indicating that capital inflow in the crypto market has just started and it will go on for quite some time now. Not only investing, but the firms have also been quite vocal about Bitcoin adoption and are encouraging other firms to do the same.

Three Arrows Capital Invests $1.3B Funds in Bitcoin
Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

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