Gamma Point Acquired by BlockTower Capital

Last Updated: June 10, 2021

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
Jason

Jason

Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!
Gamma Point Acquired by BlockTower Capital
EarthWeb is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

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 Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

Latest Stories

Get the latest from EarthWeb!

Don't worry, we don't spam