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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 billion-dollar asset manager, who was rumored to be planning a $ 1 billion BTC investment, has submitted an official request to the SEC to establish its BTC 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.

In most situations, the fund’s investment strategy will focus on Bitcoin futures contracts, but it will also invest in pooled investment vehicles that invest directly or indirectly in Bitcoin.

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