Bitcoin is now part of the financial and investment strategies of the American investment management company Stone Ridge Asset Management, to increase its capabilities to generate returns for its clients and investors.
Stone Ridge Asset Management, one of the most recognized investment management and personal, institutional and corporate portfolio management firms in the United States, revealed its intentions to integrate Bitcoin, the leader of the cryptocurrencies, in digital markets, to improve and increase their capabilities to generate economic returns. The investment firm, which in October 2020, invested 115 million dollars for the purchase of bitcoins, through its subsidiary Stone Ridge Holdings Group, today finishes confirming its interest in the growth potential of the cryptocurrency.
The company presented to the United States Securities and Exchange Commission (SEC) un Valid identity document where he proposes and describes several of the investment strategies and alternatives that he is considering implementing, in order to maximize the performance of the investments and funds he manages for his clients. Among these proposals, Stone Ridge Asset Management presents Bitcoin (BTC) as an asset capable of generating attractive returns for the company, in addition to helping it diversify the range of financial products it offers to clients and investors.
“Bitcoin seeks to generate returns by gaining exposure to its price by selling options on bitcoin futures contracts.”
Bitcoin is listed as the seventh of the strategies proposed by Stone Ridge, which will be consolidated starting next April, according to the firm. With this integration, Stone Rigde seeks to guarantee investors indirect exposure to Bitcoin, so that they can benefit from its potential in the markets.
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Interest in Bitcoin since 2017
Stone Ridge Asset Management has more than $10.000 billion in assets under management (AUM), and reveals that since 2017 its executives have been expressing interest in Bitcoin; and many of them even invested part of their personal finances in the cryptocurrency at that time. The rise of investments in Bitcoin by the company's staff aroused the interest of the firm's investors and clients in this cryptocurrency, so Stone Ridge was forced to design strategies that would allow it to offer exposure to Bitcoin to clients and investors.
To meet these objectives, the company created a subsidiary that would allow it to offer new investment tools to its clients, in addition to purchasing cryptocurrencies and maintaining safe custody of these digital assets. Call New York Digital Investment Group (NYDIG), Stone Ridge's subsidiary has become a gateway for forward-thinking companies and investors who want to securely gain exposure to the power of Bitcoin, through innovative financial technologies and services.
Stone Ridge Holdings Group's $115 million Bitcoin investment last October was completed through NYDIG. This subsidiary currently has more than $3.000 billion in assets under management, and has signed several recent alliances with firms such as Kasasa and NYMBUS to improve its products and services.
Highlighting the power of Bitcoin
In its document, Stone Ridge Asset Management dedicated a few lines to explaining where the power and potential that Bitcoin offers as an investment asset comes from. The firm reports that decentralization, high security based on advanced cryptographic techniques, and a limited supply are the key ingredients that have made Bitcoin as strong and powerful an asset as it is today. The firm also talked about the high volatility of Bitcoin, as one of the biggest risks when investing in this cryptocurrency.
The news has been well received by the crypto community, which celebrates the entry of a fund manager as important as Stone Ridge into the Bitcoin ecosystem, although the cryptocurrency is currently going through a strong correction.
At the time of this edition, the price of Bitcoin is trading near $46.000 USD per unit, a drop of more than 23% in its value since last February 22, which was trading close to $57.000 USD. However, the fall in value of Bitcoin is not a cause for concern for investors and traders, since so far this year, Bitcoin has grown more than 70%, and its recent correction is a healthy process for revaluation. future of cryptocurrency.
Thus, the integration of Bitcoin into Stone Ridge's investment strategies is a safe method to gain exposure to cryptocurrencies, which allows the firm to provide new investment and growth opportunities to its investors, indirectly through different options. , such as futures and other derivative products.
Like Stone Ridge, other investment giants like BlackRock y Guggenheim are trading in the world of Bitcoin.
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