Cambrian Asset Management has bought more than $20 million worth of bitcoin and eth according to filings with the Securities and Exchanges Commission (SEC).
The quantitative digital assets manager bought $12,976,664 worth of eth for 41 investors at a minimum investment of $14,000 each.
They also bought $7,186,826 worth of bitcoin for 31 investors with the minimum investment here a bit higher at $25,000.
The company serves accredited investors, describing itself as using “an actively managed systematic strategy that mitigates downside risks and maintains substantial upside potential while seeking to defer taxable events for investors.”
They’re one of the few professional firm to be back to buying as both bitcoin and eth sort of sideway at around the lows reached in June.
“We effectively leverage the real-time collection of direct market data and the rigorous application of scientific methods to provide protection against large drawdowns, which is paramount when it comes to digital assets investing,” said Tony Fenner-Leitao, President of Cambrian, back in April.
Whether that suggests they’ve now identified some protection against large drawdowns at these low prices, is unclear.
But institutional investors are clearly expanding in adopting crypto even as assets see lower volatility.