Anson Funds Invested $1 Billion in Bitcoin Treasury Companies Over 18 Months, Moez Kassam Says
Moez Kassam, co-founder and investment director of Anson Funds, said the investment firm has deployed $1 billion in capital to companies holding Bitcoin on their balance sheets over the past 18 months, highlighting the growing role of institutional investors in the cryptocurrency market.
Kassam, whose firm manages approximately $2.5 billion to $3 billion in assets, discussed his evolving view of Bitcoin during an appearance on Anthony Pompliano's podcast. He said institutional participation has helped transform Bitcoin from an asset once associated largely with speculation and the underground economy into an investment market attracting major financial institutions.
Moez Kassam Says His View of Bitcoin Has Changed
Kassam explained that his initial interest in Bitcoin centered on investment opportunities and corporate transactions. Over time, however, he developed a stronger belief in the cryptocurrency's underlying value and long-term place in financial markets.
“Previously, I was only interested in investment deals. Now I believe Bitcoin has an intrinsic value and is here to stay,” Kassam said.
He acknowledged that Bitcoin has gone through substantial price swings and multiple market cycles. Despite that volatility, Kassam said a committed investor community has continued to support the cryptocurrency.
He also pointed to the growing involvement of large financial institutions and the availability of Bitcoin through investment platforms as major differences between today's market and earlier stages of the cryptocurrency's development.
Anson Funds Has Committed $1 Billion to Bitcoin Treasury Companies
Kassam said Anson Funds has provided a total of $1 billion in capital to companies holding Bitcoin on their balance sheets during the past 18 months. The investments have been structured through different financial instruments, including stocks and convertible financing arrangements.
Although the firm has invested in companies using Bitcoin as a treasury asset, Kassam said he does not view every Bitcoin treasury company favorably. He expressed concern that the strategy, popularized by Strategy, is becoming increasingly crowded as more businesses adopt similar approaches.
According to Kassam, companies that entered the market early gained a significant advantage. As the model spreads, he said, the number of attractive investment opportunities may decline, while some newer entrants appear motivated by expectations of quick profits. He warned that this dynamic could create risks for investors.
Kassam Sees Opportunities in Strive Preferred Shares
Kassam also identified preferred shares issued by Strive, a Bitcoin-focused investment company, as an area of interest for Anson Funds. He said these financing instruments offer returns of approximately 15% and may provide opportunities for institutional investors to benefit when the securities trade at discounted prices.
The potential opportunity depends on the pricing of the instruments and the difference between their purchase price and relevant valuation. The source material does not provide further details about the specific preferred shares or the terms of the investments.
Bitcoin Price Expectations Remain Uncertain
Kassam also discussed expectations for Bitcoin's future performance. He noted that some investors are using financial models that project gains of 30% to 50% over the next year.
Those figures reflect forecasts attributed to other investors, rather than a definitive Bitcoin price target issued by Kassam. His comments focused on the changing institutional landscape, the expansion of Bitcoin treasury strategies, and the need to distinguish between companies with investment potential and those entering the market in pursuit of rapid gains.
source: en.bitcoinsistemi
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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