The asset management, which has more than $10 billion in its bank account, wants to keep investing in Bitcoin and is launching its Bitcoin fund.
According to numerous sources, Stone Ridge Asset Management, which invests in Bitcoin regularly, has chosen to take a more serious step and create its fund, the “Stone Ridge Bitcoin Strategy Fund.”
The purpose of establishing this fund, as stated in the formal application, is simple: “capital appreciation.”
Stated in the SEC prospectus:
- The Stone Ridge Bitcoin Strategy Fund’s (the “Fund”) investment objective is capital appreciation. There can be no assurance that the Fund will achieve its investment objective.