Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg
Cointelegraph
Published Aug 15, 2022 11:10AM ET
Updated Aug 15, 2022 04:20PM ET
Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.
Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In doing so, Dragonfly dropped the word “Capital” from its name and underwent a complete rebranding to reflect its growing mandate in the digital asset space.
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Written By: Cointelegraph
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