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Crypto Fund Doubles Down—Seeks $21B More for Bitcoin After Brutal Q1
Crypto Fund Doubles Down—Seeks $21B More for Bitcoin After Brutal Q1
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Wall Street’s latest gamble? Throwing good money after bad. A major investment strategy—fresh off a Q1 bloodbath—is plotting a $21 billion Bitcoin buying spree. Because nothing says ’risk management’ like doubling down on volatility.
Key details: The unnamed fund (let’s call it ’Bagholder Capital’) refuses to let a little thing like losses derail its crypto obsession. Sources say the capital raise could hit markets by late Q2—just in time for the next cycle of manic price swings.
The kicker? This comes as institutional interest cools post-ETF approvals. Either these guys see a chart pattern nobody else does... or they’re betting the farm on the greater fool theory. Place your bets.
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