🌎 Brevan Howard Digital Launches BH Solutions for Crypto Treasury Boost

Brevan Howard’s crypto hedge fund has launched a new unit designed to help companies generate more returns on their crypto treasuries.

Brevan Howard Asset Management’s crypto-focused branch, Brevan Howard Digital, has unveiled BH Digital Solutions, a new unit aimed at enhancing returns for companies holding crypto as a reserve asset. The unit will be led by Chris Rayner-Cook, former head of trading and financing at Coinbase. Initially, it will focus on blockchain and crypto mining companies, helping them increase returns from their holdings.

The launch comes as BH Digital, managing $2.3 billion in assets, reported a 20% increase in assets under management in the first half of 2024. Since its launch in late 2021, BH Digital has seen its assets grow to $2.3 billion, marking a more than 50% gain since its trading debut in March 2022.

Gautam Sharma, CEO of Brevan Howard Digital, emphasized that the new unit is a “natural extension” of the firm’s offerings, highlighting the growing opportunities in the crypto space for institutional investors.

As the financial landscape remains uncertain, an increasing number of companies are incorporating crypto into their balance sheets. Data reveals that over 90 companies globally hold Bitcoin, with MicroStrategy leading the pack with more than 226,330 BTC, valued at over $15.7 billion at current prices.