The new crypto-currency investment market has attracted large investors, such as AngelList's CEO, Naval Ravikant. It is backed by a long list of Silicon Valley venture capital companies and has returned more than 500%.
MetaStable Capital is located in San Francisco, California, and focuses entirely on investment in crypto-coins such as Bitcoin and Ethereum. Since its launch in September 2014, MetaStable has performed so impressive that numbers speak for themselves.
By mid-March, MetaStable's main fund had a 539% return, including 86% in the first two and a half months of 2017 (a period when Bitcoin's price rose nearly 28%). This means that MetaStable returns are actually much higher than those listed in your March submission documents. It is estimated that the returns from MetaStable since the beginning of its activities exceeded 1,000%.
Now MetaStable has invested in about a dozen different digital currencies, including Bitcoin (which one of the fund's co-founders, Lucas Ryan, originally received for free in 2011), Ethereum and Monero (of which the fund holds almost 1% , Or about $ 6 million, of all currencies in circulation) according to the presentation of the documents.
Another company that has been very receptive to crypto-currency investments is Polychain Capital, which has founder, Olaf Carlson-Wee, who is on the cover of the latest issue of Forbes.
It also differs in its strategy: considering that Polychain specializes in investing in other blockchain companies through what is known as an initial money offer (or ICO) - an investment style that has been compared to venture capital. MetaStable invests directly in digital currencies that it believes can become a new form of money.
One caveat is that the fund is likely to be relatively small by global financial market standards, which makes it slightly easier to publish return numbers out of the "standard". Still, in the crypto-money market, MetaStable seems to be one of the heavyweights. A recent Forbes report listed its assets at $ 45 million, but that was before the recent price hike in recent months.
MetaStable's portfolio more than doubled its value in May alone, according to a source close to the fund; On June 23, the fund reported total assets of $ 69 million.
According to Hedge Fund Alert, there are at least 15 of these funds already in operation, and more than 25 in progress.
Fontes: Forbes e Fortune