Key Takeaways
- • BlockTower Capital Advisors agreed to acquire rival crypto fund manager Gamma Point Capital, according to Bloomberg coverage dated June 8, 2021.
- • BlockTower co-founder and CEO Matthew Goetz discussed the deal and the firm's market-neutral strategy on Bloomberg Markets: European Close.
- • The source material does not disclose the deal value or terms, so the transaction size remains unconfirmed.
Summary
BlockTower Capital Advisors has agreed to acquire Gamma Point Capital, a rival firm in the cryptocurrency investment space, according to a Bloomberg video report published June 8, 2021. Co-founder and chief executive Matthew Goetz spoke with Bloomberg's Alix Steel and Guy Johnson on "Bloomberg Markets: European Close" about the agreement.
In the interview, Goetz explained BlockTower's market-neutral business strategy, the approach the firm uses to manage its crypto-focused investments. The available source material does not provide the financial terms of the acquisition, the purchase price, or details on Gamma Point Capital's assets under management, so those figures cannot be verified from this report.
The transaction reflects consolidation among crypto-focused investment managers as institutional interest in digital assets continued to grow in 2021. Readers seeking the deal terms or further detail should refer to the full Bloomberg interview.
In the interview, Goetz explained BlockTower's market-neutral business strategy, the approach the firm uses to manage its crypto-focused investments. The available source material does not provide the financial terms of the acquisition, the purchase price, or details on Gamma Point Capital's assets under management, so those figures cannot be verified from this report.
The transaction reflects consolidation among crypto-focused investment managers as institutional interest in digital assets continued to grow in 2021. Readers seeking the deal terms or further detail should refer to the full Bloomberg interview.
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