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Dan Tapiero Launches $200M Fund to Invest in Crypto Companies
Tapiero is joined by Michael Dubilier and Stan Miroshnik.
By Zack Voell
Updated Sep 14, 2021, 12:06 p.m. Published Feb 3, 2021, 9:54 p.m.
Investor and entrepreneur Dan Tapiero is launching a $200 million fund called 10T Holdings to invest in cryptocurrency startups.
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- The long-time bitcoin advocate filed to launch the new fund Tuesday, per documents from the U.S. Securities and Exchange Commission.
- Tapiero's filing comes amid a stampede of other institutional interest in investing and building in the cryptocurrency industry as bitcoin has returned gains near 300% in the past year.
- In addition to Tapiero, the filing lists as investors longtime investor Michael Dubilier and Stan Miroshnik, former CEO of crypto-focused advisory firm Argon Group.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Bilinmesi gerekenler:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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