DeFi

GoldenTree Invests $5.3 Million Stake In SUSHI Token

GoldenTree, an asset management organization with over $47 billion in assets under control, has invested $5.3 million in SushiSwap’s governance token (SUSHI).

In a post on the SushiSwap user forum, GoldenTree explained their purchase as well as its larger plan for SushiSwap and crypto in general. The company wrote:

“We believe Sushi has incredible potential. Although the community has certainly been through some tough challenges, we’ve been amazed at the resilience of both the core team and the community in the face of these speed bumps, as you all have continued to build and release top-tier products.
To GoldenTree, Sushi represents the best of DeFi, both in origin and in community.”

The post included a link to an Ethereum address containing around 3 million SUSHI tokens. According to blockchain statistics, the tokens were added to the address 22 days ago.

Avi Felman and Joe Naggar co-lead GoldenChain Asset Management LP, GoldenTree’s crypto investment manager. Felman, who formerly worked at BlockTower Capital, was appointed as GoldenTree’s head of digital asset trading earlier this year.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.