• BlockTower Capital’s crypto investments’ current valuation is $16.3 million.

  • Uniswap (UNI) is the dominant DeFi token in the firm’s portfolio. 

Crypto investment firm BlockTower Capital reportedly purchased $7 million in prominent DeFi tokens from various crypto trading platforms in the last 12 hours, as tracked by blockchain analytics platform Lookonchain.

As Lookonchain reports, the firm’s acquisitions focused on two major tokens — Uniswap (UNI) and Aave (AAVE). Based on etherscan data, it acquired 489,791 UNI, valued at $4.35 million, and 15,578 AAVE, worth $2.86 million, from 5 different trading platforms.

BlockTower Capital appears to be buying #Defi tokens.In the past 8 hours, #BlockTowerCapital received 15,580 $AAVE($2.87M) and 237,396 $UNI($2.11M) from #Wintermute, #FalconX, #Cumberland, #B2C2Group, and #GalaxyDigital.https://t.co/8xgOWrHtJ2 pic.twitter.com/RqOsZdPFhW

— Lookonchain (@lookonchain) November 8, 2024

Data revealed that BlockTower Capital bought 252,396 UNI and 3,256 AAVE from trading firm Wintermute, alongside 227,632 UNI from crypto brokerage FalconX. The firm also acquired 2,356 UNI and 12,322 AAVE from crypto market maker Cumberland, in addition to 2,356 UNI from Galaxy Digital and 5,051 UNI from B2C2 Group.

Earlier in October, BlockTower executed a major EIGEN accumulation move. As per Lookonchain data, the firm traded Maker (MKR) for 653K EIGEN tokens. The current valuation of its crypto portfolio exceeds $16.35 million.

Over the last 24 hours, these two DeFi tokens experienced bearish dips. At press time, UNI traded at $8.73 following a 2.2% drop. Meanwhile, AAVE was priced at $179.15 after 2.29%.

Brief History of BlockTower Capital

Since its founding in 2017, this crypto investment firm has supported several significant players in the industry, including Dapper Labs, Sky Mavis, Solana, Injective, and Synthetix. In 2024, it added Aptos Labs, Morpho, Centrifuge, and Midas to its portfolio.

On the flip side, BlockTower has also experienced critical security breaches. In May 2024, its main hedge fund was compromised. The amount drained during this breach was not disclosed to the public, nor was the attacker apprehended. Before this, in February 2023, the firm suffered a $1.55 million exploit, losing TrueFi tokens.

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