$63,751.00
0.76%$3,319.99
2.67%$6.87
1.49%$604.52
1.87%$142.72
0.84%$1.00
0.03%$3,317.76
2.71%$0.519407
0.07%$0.150207
1.74%$5.54
3.80%$0.469686
1.12%$0.00002481
0.68%$35.06
2.21%$0.120427
0.33%$63,798.00
0.75%$481.34
1.39%$14.10
0.01%$7.16
-4.26%$0.739101
2.06%$13.97
6.12%$85.04
1.46%$7.98
1.12%$5.76
-1.23%$0.999709
0.03%$28.89
5.36%$9.16
1.87%$0.106393
-1.36%$2.53
0.32%$1.10
1.44%$0.131597
3.44%$6.09
3.33%$0.11363
-0.57%$3,290.76
3.35%$8.36
-0.02%$8.26
2.71%$52.42
-0.49%$2.16
2.62%$0.00000746
4.81%$3.11
1.71%$1.13
3.18%$0.03996192
1.88%$3,130.85
5.23%$433.67
2.96%$2.73
6.11%$3,437.06
2.69%$2.76
0.31%$0.118175
7.18%$0.267454
0.37%$36.63
7.83%$26.40
2.10%$2.25
4.46%$0.998593
0.01%$2.32
-0.80%$124.46
2.78%$0.719399
-0.10%$2.25
-0.57%$2.15
5.72%$3,669.19
2.54%$10.36
1.18%$5.22
1.93%$0.0000257
0.53%$0.00017481
0.45%$0.602976
4.27%$1.19
3.21%$0.04728786
4.04%$1.25
4.20%$3,405.21
2.76%$0.198568
0.01%$103.75
-0.91%$10.25
2.18%$0.02876558
-3.48%$0.0269247
1.34%$1.031
1.92%$0.921131
1.34%$91.79
0.46%$18.87
6.47%$67.42
0.45%$3,324.24
2.61%$0.00000131
-0.90%$0.881382
6.84%$0.03082957
1.40%$0.655857
7.91%$0.914039
3.68%$0.800268
2.48%$1.19
7.80%$41.69
1.04%$2.18
1.44%$13.47
1.47%$7.45
0.45%$8.00
3.72%$0.459581
1.24%$4.43
0.04%$0.00005151
0.14%$0.113535
-0.21%$1.019
1.35%$3.01
3.66%$4.88
1.72%$10.03
0.35%$0.242319
2.20%$0.870117
1.96%$1.30
5.68%$2.19
-0.01%$0.815228
-0.73%$2.90
2.40%$16.16
1.03%$43.58
2.80%$0.01846028
1.47%$5.43
27.48%$343.91
2.62%$0.586631
1.77%$169.01
0.85%$3,306.27
3.38%$0.457292
1.45%$1.31
4.08%$0.01851567
7.71%$0.234828
0.59%$0.699068
0.91%$1.15
1.60%$0.113014
4.26%$0.679392
8.69%$2.78
1.84%$12.56
0.21%$0.979015
0.00%$0.195249
2.28%$3,505.10
2.67%$1.26
0.58%$18.14
1.32%$2.18
1.33%$3,312.65
2.66%$103.99
5.88%$0.097885
-0.98%$168.32
1.03%$0.413686
2.17%$0.99927
0.06%$0.779698
5.42%$0.00010815
1.42%$0.0000003
3.80%$0.9476
1.43%$3.75
1.97%$0.373687
4.35%$3,539.98
2.61%$1.95
0.37%$34.46
0.18%$0.10559
1.46%$0.315085
1.32%$1.64
2.03%$0.061571
2.29%$2,344.42
0.09%$0.937909
4.31%$1.32
1.47%$0.01003538
-0.20%$5.64
4.26%$0.398139
10.49%$0.00157936
1.62%$0.452015
2.65%$0.053716
2.39%$0.536409
6.70%$4.68
28.52%$0.050657
-0.15%$3,588.00
2.60%$16.73
8.99%$0.999546
0.02%$0.434738
-0.56%$0.03517973
-2.01%$0.00000049
1.12%$4.95
-0.39%$0.243487
0.44%$0.475065
9.72%$0.634644
0.57%$0.0251056
0.46%$0.02754673
-0.32%$0.088083
0.60%$1.83
3.30%$0.00254306
1.73%$0.846162
0.54%$0.312332
-2.47%$22.06
1.08%$1.071
2.18%$13.83
-1.37%$4.17
-10.50%$0.03188925
-0.24%$2.07
-2.33%$4.04
2.35%$0.512215
0.58%$2,351.24
0.32%$0.0075268
1.74%$0.621866
0.96%$0.947107
2.06%$0.408697
1.01%$1.62
3.39%$0.00479521
-3.44%$4.04
1.82%$3,407.00
2.70%$0.00728817
0.25%$66.72
2.62%$0.260582
1.23%$69.07
8.36%$56.70
-0.98%$0.04572599
28.84%$54.21
13.24%$3.16
-0.18%$0.03112528
1.76%$0.493506
1.73%$0.03809363
4.45%$5.63
3.19%$0.785461
0.94%$4.54
0.19%$0.517887
-5.13%$3.89
2.05%$0.872417
-3.33%$29.97
1.32%$0.03909237
3.43%$0.389049
6.54%$23.06
0.20%$0.125557
-1.78%$0.02750146
1.34%$0.438156
2.81%$0.03404853
1.46%$3.51
1.53%$8.42
2.35%$1,279.12
0.90%$20.89
-0.24%$0.769646
1.34%$0.668984
-1.28%$0.261424
0.87%$0.932594
2.04%$0.883522
2.59%$0.00619978
1.59%$30.30
1.13%$1.00
0.11%$0.00
2.04%$0.433016
29.07%$2.03
-0.53%$1.21
4.34%$3,472.32
2.27%$3.43
-6.73%$2.46
1.65%$69.28
3.62%$26.31
-0.94%$30.14
1.91%$0.0030598
1.23%$0.268296
4.94%$0.00352504
2.02%$0.297148
12.05%$0.30692
-1.26%$39.96
2.30%$0.320306
1.70%$27.38
-0.22%
A Bitcoin fund based in Singapore is mass-buying Bitcoin from one of Wall Street’s go-to brokers for cryptocurrency exposure.
Three Arrows Capital, a cryptocurrency investment firm, has purchased roughly 6% of the outstanding shares in Grayscale’s Bitcoin Investment Trust, according to documents filed with the US Securities and Exchange Commission.
Grayscale’s Bitcoin trusts have long provided institution-grade exposure to Bitcoin for the financial world’s high rollers. Three Arrows Capitol’s 6% position (which is, coincidentally, just over 21 million shares, perhaps a nod to Bitcoin’s total supply) is worth 20,000 BTC. The form detailing this information, Schedule 13D, is a requisite for any company taking a 5% or more stake in a given firm’s shares.
Three Arrow Capital’s 20,000 Bitcoin allocation is just a drop in the bucket, though, of the roughly 360,000 Bitcoin ($3.4 billion) the company custodies for its clients.
This news comes after unconfirmed reports from TechCrunch founder and investor Michael Arrington which suggest that Three Arrows Capital had purchased a 10% stake in the Derebit exchange, a leading playing the Bitcoin options trading world, at a $350 million valuation and then immediately tried to flip their stake for a $700 million valuation.
Ok, so this crazy Derebit story I mentioned last week. https://t.co/p8oC8Ov1H4 It's a shakespearean drama. Press has been asking me (and everyone else) about it. Instead of saying it all off record, here's what I know.
— Michael Arrington (@arrington) June 10, 2020
Three Arrows Capital did not respond to Decrypt’s request for comment.
