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Crypto asset manager Bitwise raises $70 million from Kravis, Druckenmiller, others

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Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021.

Source: NYSE

Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding.

The cryptocurrency index fund manager raised $70 million from a handful of institutional investors and almost 30 individuals from Wall Street and Silicon Valley. Bitwise, now four years old, became profitable this year when it crossed $1.2 billion in assets under management at the end of the first quarter. Part of the motivation behind this fundraising was to bring big stakeholders in the young company’s…



Source cnbc.com

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