Ben 🟪
@benersing
Fascinating: Tether invests $200M into a Neurotech start-up. So many thoughts here. I'm curious to hear your perspective first. What's the play? https://www.forbes.com/sites/naveenrao/2024/04/30/what-200-million-in-crypto-cash-means-for-blackrock-neurotech/
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phil
@phil
Giant balance sheet Probably encouraged by FTX Anthropic success story
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Ben 🟪
@benersing
Interesting. So they're looking to become a holding company - a next gen Birkshire Hathaway?
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phil
@phil
They are printing cash and need somewhere to put it Some percentage goes to alternative investments that are high risk Seems standard for managing a corporate treasury of that size
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Ben 🟪
@benersing
I agree. Diversification is good asset management hygeine A little disappointed tbh that they're not more strategically moving into CBI and that this is more of a traditional VC investment
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