June 13, 2021
Markets

Carl Icahn holds about $400 million stake in Allstate

Bloomberg

Ex-High School Classmates Are Among the World’s Largest Crypto Holders

(Bloomberg) — Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they’re among the world’s biggest crypto holders with a portfolio worth billions of dollars.At least for the moment.Their portfolio was rocked in recent days as environmental concerns over mining, regulatory scrutiny, warnings by Chinese authorities about digital currency payments and a flurry of erratic tweets by Tesla Inc’s Elon Musk whipsawed prices. For Davies, an early investor in the space and an evangelist for the underlying technology, the recent volatility is just a blip, enough perhaps to scare off newbie investors, but not for someone who has experienced far more volatile periods.“Bitcoin’s down 30% off the highs, it’s really not down very much,” the 34-year-old…

Read full article here: finance.yahoo.com