Investment

Alan Howard increases his cryptocurrency spending by investing in two startups

Alan Howard, the co-founder of the Brevan Howard hedge fund, has increased his cryptocurrency expenditures by investing in two startups.

According to the Financial Times, the billionaire sponsored an extension of London-based crypto custody startup Copper’s Series B investment round, which garnered an additional $25 million.

Copper secured $50 million in a round-headed by Dawn Capital and Target Global in May.

I´m going to spend, spend, spend my Crypto billions – By Jon Bennion-Pedley  – Investment Owl

This comes only one day after Howard announced a $4 million investment in Kikitrade, an Asian crypto trading software.

Howard has made previous investments in the crypto area, including CoinShares and Ledn, a Canadian crypto lending startup.

Brevan Howard was rumored to be investing directly in cryptocurrencies in April, dedicating up to 1.5 percent of its flagship fund to bitcoin.

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