15% of the Opportunity Trust Fund will be invested in Bitcoin by Patient Capital, pending SEC approval.
As to PANews, Patient Capital, a US asset management company, has submitted paperwork to the US Securities and Exchange Commission (SEC) proposing to use a Bitcoin spot exchange fund to invest a portion of the net assets of its Opportunity Trust fund in Bitcoin. According to the paperwork, the company is allowed to hold up to 15% of its net assets in bitcoin.
The fund has assets of about $1.38 billion, of which 15% may be devoted to exposure to Bitcoin. This implies that it has the potential to invest $207 million or more in Bitcoin. Since the Opportunity Trust fund's declared goal is to generate "long-term excess returns," it may also continue to expose itself to Bitcoin risk for an extended amount of time.
