Dan Tapiero Launches $200M Fund to Invest in Crypto Companies

Investor and entrepreneur Dan Tapiero is launching a $200 million fund called 10T Holdings to invest in cryptocurrency startups.

• The long-time bitcoin advocate filed to launch the new fund Tuesday, per documents from the U.S. Securities and Exchange Commission.
• Tapiero’s filing comes amid a stampede of other institutional interest in investing and building in the cryptocurrency industry as bitcoin has returned gains near 300% in the past year.
• In addition to Tapiero, the filing lists as investors longtime investor Michael Dubilier and Stan Miroshnik, former CEO of crypto-focused advisory firm Argon Group.