Dan Tapiero Launches $500 Million Fund to Back Crypto and Blockchain Innovators

New Fund Alert!

Macro investor Dan Tapiero is at it again, launching a new multimillion-dollar fund aimed at enhancing the landscape of digital assets. Buckle up, because the latest venture—the 10T DAE Fund 3.0—comes with a hefty price tag of $500 million, targeting mid- to late-stage companies in the vast digital asset ecosystem.

Regulatory Moves

A recent filing with the U.S. Securities and Exchange Commission confirmed that Tapiero along with partners Michael Dubilier and Stan Miroshnik are on the regulatory radar. As of now, they have yet to sell any part of this freshly minted fund. Apparently, they’re waiting for the perfect moment to make an entrance, fashionably late, perhaps?

Track Record of Success

This isn’t Tapiero’s first rodeo; it marks the third installment from 10T Holdings. Previous funds included a $200 million launch in February and a whopping $750 million fund that hit the ground running in September. Collectively, these undertakings position 10T Holdings as a heavy hitter in the crypto investment space, with their portfolio boasting notable players like Kraken, eToro, and Gemini. Talk about star-studded!

The Bigger Picture

With the 10T DAE Fund 3.0, 10T Holdings’ total assets under management (AUM) are likely to breach the $1 billion mark. For context, their website already notes $770 million AUM, which makes one wonder if they have a magic money tree in the backyard.

From Gold to Crypto

Fun fact: before diving into the world of digital currencies, Tapiero dabbled in gold investments. He co-founded Gold Bullion International back in 2009, and his wealth of experience has led him to become a strong vocal advocate for the potential of cryptocurrencies—especially Bitcoin—as digital assets become central to the future of finance.

Bitcoin’s Price Trends

Meanwhile, in the grand theater of cryptocurrency, Bitcoin (BTC) recently danced its way back to a price of $51,140, surging over 20% from its recent lows. Institutional investors appear to be eyeing crypto opportunities like hawks hunting for prey. The calculated moves suggest they’re still in the game, ready to capitalize on the market’s unpredictable whims.