Researcher Thor Hartvigsen took to Twitter and shared the holdings of the top cryptocurrency VCs. According to Hartvigsen, the top 20 cryptocurrency funds have more than 1200 wallets.
Jump Trading:
Hartvigsen identified Jump Trading as the largest cryptocurrency VC. With a total balance of $3.8 billion, the company’s portfolio of altcoins is dominated by Ethereum, valued at $3.25 billion. Furthermore, Shiba Inu ($328 million), MATIC ($81 million), USDC ($50 million), wBTC ($50 million), LINK ($20 million), and COMP ($14 million) are the tokens that follow behind.
Wintermute:
Wintermute, with a balance of $401 million, is the second-largest cryptocurrency VC. Moreover, Wintermute also owns a large portion of Ethereum ($301 million in wETH). Moreover, the next largest investments are in OP ($47 million), LDO ($22.2 million), ETH ($17 million), GALA ($7.5 million), FTM ($7.3 million), DYDX ($6.6 million), BLUR ($6 million), HFT ($5.7 million), and MATIC ($5.1 million).
Paradigma:
The third position is held by Paradigma, which has a $382 million overall balance. Lido Finance (LDO), which has a $195 million position, is Paradigma’s largest cryptocurrency asset. LDO is followed by $166.5 million in ETH and $22.47 million in MKR. Additionally, Optimism, Synthetix, DYDX, Osmosis, Uniswap, and Starkware are also a part of the firm’s portfolio.
a16z:
A16z is in fourth position with $310 million in cryptocurrency. Around 4% of all UNI tokens ($257 million in UNI) are under the possession of a16z. Moreover, $15.5 million USDC/ETH LP and $13.7 million USDCOMP make up a16z’s next two largest holdings.
Amber Group:
Amber Group, which has a $245 million market cap and uses Ethereum substantially ($119 million in ETH), comes in fifth position. Following ETH are $8.3 million in DYDX, $21.5 million in FET, and $74 million in USDC/USDT.
Interestingly, the analyst claims that out of all the liquid staking providers, Amber Group is most convinced by SWISE ($2.2 million). It’s also important to note that all $21.5 million worth of FET (FetchAI) was purchased in the previous three days.