210K Capital, a hedge fund founded by Entrepreneur David Bailey, has allegedly recorded large-scale benefits from his digital asset holdings after helping US President Donald Trump adopt a pro-crypto policy stance, which highlights the possible impact of favorable regulation on the digital asset fields.
Funds gave a net return of 640% in 12 months through June, large -scale publicly operated in business companies, which added bitcoin (BTC) to their balance sheet, Bloomberg. Informed,
As a private entity, 210K capital does not need to disclose financial, but Bloomberg received figures from an anonymous source, who said that funds of funds stems in many countries by bitcoin treasury investment, including the US, UK, Canada, Australia and Sweden.
The original company of Hedge Fund, UTXO Management, Reports The 210k capital has an investment in several bitcoin-linked companies, including strategy (MSTR), Metaplanet (3350), Moon Inc.
Managing partner Tyler Evans reported that Bloomberg the firm is evaluating additional 30 investments in the so-called bitcoin proxy-companies working within the ecosystem.
Belly, a serial Entrepreneur and the founder of Bitcoin magazine and BTC Inc., served as a prominent crypto advisor for the then candidate Trump’s President’s Presidential Campaign. Bloomberg described him as the chief architect behind the axis of Trump towards Bitcoin.
While publicly known about 210k capital, the impact of belly is widely felt in the digital asset ecosystem. In May, Cointelagraph reported that his bitcoin investment firm, Nakamoto Holdings, raised $ 300 million and searching for a possible public offer.
The company later raised an additional $ 51.5 million as part of its merger with the healthcare provider Kindlemad, which aims to further increase its bitcoin treasury strategy.
Connected: How a Nasdaq firm raised $ 51.5m in 72 hours, just to buy bitcoin
Following the footsteps of strategy: Bitcoin Treasury Companies are receiving traction
According to industry data, Michael Caurer’s strategy, earlier the microstrate, adopted bitcoin as Treasury Asset in August 2020, more than 150 companies followed the suit. At least 47 private firms have also revealed to place bitcoins on their balance sheet.
The strategy is paying in 2025, as Bitcoin continues to hit a record height, the most recent climb above $ 123,000. However, analysts are divided on a long -term approach to bitcoin treasury firms.
The breed of Venture Capital Company recently warned that the success of bitcoin treasury companies depends a lot on the net asset value, or maintaining market value above them on MNAV. For breed, mnav Represents Capitalization of a company relative to the value of its digital assets.
A continuous decline in the price of bitcoin, for example, could cause a decline in the company’s MNAV, destroying its ability to raise more loans to fund its BTC purchases.
Others, such as the Glasanode analyst James Czech, argue that the corporations jumping on bitcoin bandwagan without clear niche or long -term strategy will struggle to achieve permanent traction.
“I think we are already close to the ‘show Me’ stage, where it will be difficult for a random company X to maintain premium and get off the ground without a serious niche,” wrote On X.
Nevertheless, bitcoin adoption is happening in a significant moment in the development of the bandwagan industry. Last week, the Republican-controlled House of Representatives passed three crypto bills, banning stabechoin, market structure and a central bank digital currency.
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