Gamma Point Acquired by BlockTower Capital

Last Updated: August 26, 2021

Bobby

Bobby

Gamma Point Acquired by BlockTower Capital
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BlockTower Capital, a cryptocurrency hedge fund, has bought Gamma Point, a rival hedge fund, for $35 million. CEO of BlockTower Matt Goetz says that the purchase was intended to better navigate the current volatility of the crypto market.

The purchase is one of the only ones that has occurred recently, but it could suggest that BlockTower is preparing for the end of the latest bull run.

BlockTower Capital

Goetz says that the purchase is going to help attract more investors who are otherwise price-sensitive. Executives of Gamma Point will join the team at BlockTower.

Written by Bobby

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