US-listed company Jeffs' Brands launches crypto asset management program, pledges $75 million allocation
Foresight News reports that Nasdaq-listed e-commerce company Jeffs' Brands has announced the launch of a cryptocurrency fund management strategy, allocating up to $75 million. This fund will focus on optimizing returns from five major cryptocurrencies, including Bitcoin and stablecoins. The fund will be managed by Quantum Crypto, a subsidiary of Tectona Ltd. Tectona Ltd is a publicly traded Israeli cryptocurrency company that also holds a 41% stake in Horizon, an institutional cryptocurrency trading platform in Israel.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tesla (TSLA.US) and SpaceX (SPCX.US) merger countdown? Barclays: Announcement possible this year, obstacle lies in shareholder voting
Barclays analysts stated that a potential merger between Elon Musk's Tesla and SpaceX could be announced before the electric vehicle manufacturer's annual shareholder meeting.
Is Berkshire betting on its "younger self"? But this is actually a "technology company"!
