Cryptocurrencies
Billionaire Alan Howard Shops His Own Crypto Stakes to Grow Brevan Howard Digital
- Billionaire is said to be shopping Copper and Bitpanda stakes
- Any proceeds will be reinvested into digital unit, person said
Alan Howard
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Billionaire Alan Howard has put a handful of his personal stakes in crypto companies up for sale, with plans of reinvesting any proceeds into Brevan Howard Digital, according to people with knowledge of the matter.
Howard, who co-founded Brevan Howard Asset Management, is exiting several of his personal crypto-company stakes including in custodian Copper.co and broker Bitpanda, said one of the people, who requested anonymity because the matter hasn’t been made public. If he gets acceptable offers, Howard plans to reinvest the proceeds into Brevan Howard’s digital-asset division.