Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
CoinTelegraph·
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Situational Awareness, a hedge fund with $1.1 billion in Bitcoin miner stocks, is seeking capital from investors and lenders after experiencing amplified losses during July's AI stock sell-off. The fund is likely looking to shore up its finances to mitigate potential risks. The move underscores the volatile nature of the crypto market and its interconnectedness with traditional assets.
The FT said Situational Awareness has approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off.