Three Arrows Capital - a top-tier investment firm
Three Arrows Capital Limited is a specialist hedge fund founded in 2012 with a focus on delivering superior risk-adjusted returns, founded by Su Zhu and Kyle Davies.
Tags:Investment InstitutionsMedia Investment CapitalThree Arrows Capital now holds approximately 6.26% of shares in Grayscale Bitcoin Trust, or over 20,000 bitcoins in value.
Singapore-based crypto fund manager Three Arrows Capital has acquired a large stake in Grayscale Bitcoin Trust (GBTC), according to a new filing with the U.S. Securities and Exchange Commission (SEC).
According toDocuments dated June 10The company has accumulated 21,057,237 shares or 6.26% of the trust's shares, valued at over 20,000Bitcoin(BTC) or about $192 million, after filing with the SEC on ThursdayTimetable 13DDisclosure. (Grayscale is a subsidiary of Digital Currency Group, CoinDesk's parent company.)
A Schedule 13D form or beneficial ownership report is required when an individual or group of individuals (company) acquires more than 5% of any class of shares of the company. Under current regulations, this information must be disclosed to the SEC within 10 days of the date of the transaction.
Grayscale Investmentsis the world's largest digital currency asset manager, with its flagship product Grayscale Bitcoin Trust founded in 2013. According toGrayscale's websiteAs of June 11, the trust held about 365,000 bitcoins, worth $3.6 billion.
"Grayscale is one of the most professional and beneficial companies in the crypto ecosystem. We are excited to work with their team and are proud to be the first investor to file a Schedule 13D/G with the SEC in excess of 5% ownership," said Su Zhu, CEO and co-founder of Three Arrows Capital.
January 21GBTC becomes an SEC-compliant reporting company upon filing a Form 10 with the SEC. Also known as the General Form for Securities Registration, it is used to register a class of securities for trading on U.S. exchanges. Companies with more than $10 million in total assets under management are required to file a Form 10 with the SEC.
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