- The present valuation of BlockTower Capital’s crypto investments is $16.3 million.
- Uniswap (UNI) is the dominant DeFi token within the firm’s portfolio.
Crypto funding agency BlockTower Capital has reportedly bought $7 million value of distinguished DeFi tokens from numerous crypto buying and selling platforms up to now 12 hours, as tracked by blockchain analytics platform Lookonchain.
As Lookonchain reviews, the corporate’s acquisitions targeted on two main tokens: Uniswap (UNI) and Aave (AAVE). Primarily based on etherscan information, it acquired 489,791 UNI, value $4.35 million, and 15,578 AAVE, value $2.86 million, from 5 totally different buying and selling platforms.
BlockTower Capital seems to be shopping for #Defi tokens.
Within the final 8 hours, #BlockTowerCapital obtained 15,580 $AAVE ($2.87 million) and 237,396 $UNI ($2.11 million) from #Wintermute, #FalconX, #Cumberland, #B2C2Group and #GalaxyDigital.https://t.co /8xgOWrHtJ2 pic.twitter.com/RqOsZdPFhW
— Lookonchain (@lookonchain) November 8, 2024
Knowledge confirmed that BlockTower Capital purchased 252,396 UNI and three,256 AAVE from buying and selling agency Wintermute, along with 227,632 UNI from crypto brokerage FalconX. The corporate additionally acquired 2,356 UNI and 12,322 AAVE from crypto market maker Cumberland, along with 2,356 UNI from Galaxy Digital and 5,051 UNI from B2C2 Group.
Earlier in October, BlockTower carried out a serious EIGEN accumulation marketing campaign. In accordance with information from Lookonchain, the corporate traded Maker (MKR) for 653K OWN tokens. The present valuation of its crypto portfolio is over $16.35 million.
Over the previous 24 hours, these two DeFi tokens have skilled bearish dips. On the time of writing, UNI was buying and selling at $8.73, having fallen 2.2%. In the meantime, AAVE was priced at $179.15 after 2.29%.
Temporary historical past of BlockTower Capital
Since its founding in 2017, this crypto funding agency has backed a number of key trade gamers, together with Dapper Labs, Sky Mavis, Solana, Injective, and Synthetix. In 2024, it added Aptos Labs, Morpho, Centrifuge and Midas to its portfolio.
However, BlockTower has additionally suffered essential safety breaches. In Could 2024, a very powerful hedge fund was compromised. The sum of money taken throughout this breach was not made public, nor was the attacker apprehended. Earlier than that, in February 2023, the corporate suffered a $1.55 million exploit that resulted within the lack of TrueFi tokens.