Cryptocurrencies
Vulture Investor Feasts on Crypto Whales Seeking Quick Exits
- Off The Chain Capital seeks to buy stakes at fire-sale prices
- ‘We are fishing where no one else is fishing,’ Estes says
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When big investors commonly referred to as whales need to quickly or quietly get out of the cryptocurrency world, they often turn to Brian Estes.
Estes, 52, runs Off The Chain Capital LLC, a nearly $40 million fund that specializes in buying digital assets from people strapped for cash due to divorce, loss of income or other unforeseen circumstances. The Orlando, Florida-based firm typically picks up assets at more than a 50% discount, Estes said.