Off The Chain Capital, a hedge fund managing $140 million, is expected to recover its Mt. Gox bankruptcy claims in September, which will make up 25% of its flagship fund's portfolio.
Despite a 75.1% drop in 2022, the firm has since stabilized and recovered significantly this year, with a 23.7% year-to-date performance as of June. Additionally, Off The Chain Capital is optimistic about Binance, with Binance's native token, BNB, accounting for 10% of the firm's portfolio.
According to investor and crypto analyst Michael Estes, he remains confident in Binance's resilience and believes that it cannot be brought down by regulatory bodies due to its strong cash flow generation and lack of debt. To stay updated on crypto news and insights, readers can subscribe to Blockworks' free newsletter or join their Telegram group.
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