210k Capital, led by David Bailey, has posted a remarkable 640% net return, reflecting the hedge fund's strategic investments in Bitcoin-linked companies amid a pro-crypto regulatory environment.
210k Capital, a hedge fund founded by David Bailey, achieved a 640% net return in the 12 months through June, primarily from investments in companies adding Bitcoin to their balance sheets. The fund's wealth is linked to Bitcoin treasury investments across several nations, and it is considering an additional 30 investments in Bitcoin proxies. Bailey's influence on pro-crypto policies is noted, as the hedge fund continues to thrive amid Bitcoin's price surge, which recently surpassed $123,000.