GoldenTree Asset Management is reportedly investing in Bitcoin

New York-based asset management firm GoldenTree has reportedly added to its balance sheet, though the amount of this supposed investment remains unknown.

According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has purchased some Bitcoin (BTC) but has seemingly shied away from other cryptocurrency investments. Citing two sources with knowledge of the matter, the publication reported the BTC purchase followed discussions between executives regarding hiring staffers familiar with crypto investments.