Asset management entity from New York GoldenTree has reportedly started investing in Bitcoin, via including the virtual coin in its balance sheet, with the particular amount still remaining anonymous. 

Specifically, the company – which currently offers management services to approximately $45 billion in assets – has reportedly finalized the acquisition of some Bitcoin (BTC), with signs of steering clear from investing in other crypto. 

Per information revealed by financial news outlet The Street, the BTC acquisition reportedly took place after executives in the firm have sat down and discussed, in terms of getting on board new human resources that have previous expertise with crypto investments.

The executives reportedly include founder Steven Tananbaum and partners Deeb Salem and Joseph Naggar have reportedly been the participants of a fundraising round in July, for blockchain-centric VC group Borderless Capital, which has assisted in rolling out an accelerator program from Algorand. 

Borderless also took part in a funding round for the Coinbase-backed digital asset securities firm Securitize.

A variety of asset management entities have reportedly made moves to establish their presence across the crypto sphere also, either via investing in a direct manner or providing investment vehicles for Bitcoin and other tokens.

In July, Stone Ridge Asset Management reportedly submitted an application for a prospectus with the U.S. SEC, regarding the inclusion of BTC to its open-end mutual fund. 

Also in July, Contrarian investment company Horizon Kinetics reportedly recommended investors to obtain crypto asset exposure, as a means of safeguarding themselves against currency debasement.