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.
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.