Leading Israeli Asset Manager Pours $100 Million Into Bitcoin

[Rakin343]

Altshuler Shaham, the biggest investment house in Israel, has gained exposure to Bitcoin by putting $100 million into the shares of Grayscale Bitcoin Trust (GBTC), Globes reports.
The transaction took place at the end of 2020, which means that the asset manager has already made a handsome profit of over 100 percent.
Gilad Altshuler, the CEO of the major asset manager, claimed that they bought GBTC shares when Bitcoin climbed above $21,000. When the cryptocurrency hit new highs in early February, it took profits on about a third of the initial investment. more info

[lepbagong]

it seems that it has become a trend in itself that large companies are starting to invest in bitcoin, because it seems to be more profitable for the company's progress than being stored in the stock exchange, forex etc. clearly this will further strengthen that bitcoin is very reliable because it can make a bigger contribution.

there is a positive side that happens with things like this because bitcoin will always be sought and used as an investment, hopefully news like this will also strengthen other companies not to be afraid to invest in bitcoin.