$7 Billion Investment Firm Horizon Kinetics Grows Bitcoin Exposure

Investment firm Horizon Kinetics has revealed new details about how it has used Bitcoin to improve the performance of one of its top equity funds.

In an interview with Financial Times, the $7 billion investment firm, revealed its Kinetics Paradigm fund increased exposure to the Grayscale Bitcoin Trust (GBTC) in Q2 2021.

As of June 30, the Paradigm fund maintained a 5.8% allocation to GBTC, making Bitcoin exposure effectively its second largest holding. This was up from an initial 1% allocation in 2016, according to the firm.

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