📣 A London trust announced the purchase of the shares of a Kraken exchange crypto last month.
But not just any trust!
The $ 5.3 billion investment fund, RIT Capital Partners, has agreed to sell money to buy back shares of the Kraken cryptocurrency exchange.
RIT Capital Partners is one of the largest trust funds in London, formerly known as the Rothschild Investment Trust. In addition, RIT Capital Partners also has a close relationship with the British bank Rothschild through President Jacob Rothschild.
According to media reports, Kraken is considering a direct public listing in 2022, after registering an increase in the volume of transactions and a growing number of new customers, growing amid rising Bitcoin prices.
Although the amount acquired by RAK Capital by Kraken has not been disclosed, it seems that the confidence is very optimistic about Kraken, and it is even expected to exceed Coinbase.
The confidence that recognizes its investment potential in the Kraken will also increase amid negotiations on a new round of fundraising that could raise the Kraken's valuation to $ 10-20 billion.
According to CoinmarketCap, Kraken has managed more than $ 2 billion in the last 24 hours, while Coinbase has managed about $ 3.9 billion.
RIT Capital Partners was founded in 1960 and was publicly traded on the London Stock Exchange in 1988, and their share price is currently approximately $ 3,300.
It is not the first time that RIT Capital Partners has entered the Crypto market, on December 12 the fund also supported a round of investment of 2020 million dollars for the cryptocurrency partner Paypal and the issuer of stable coin Paxos.
Not saying anything about it because I need to say too much if I'd start to.
What are your thoughts on this?
Thank you for reading!
@regenerette, from a SuperKraken utopic world, hugging you!
Leo gif @mariosfame