Blockstream Buys Demeester’s Adamant in Expansion Into Bitcoin Investment Products

Blockstream Buys Demeester’s Adamant in Expansion Into Bitcoin Investment Products

Bitcoin technologies firm Blockstream said it's buying Adamant Capital, the bitcoin hedge fund manager founded by noted investor and analyst Tuur Demeester.

Demeester, who first became involved in crypto back in 2012 when he recommended bitcoin as an investment back when it was priced at $5, will remain as an adviser.

Vancouver-based Blockstream said the purchase lays the foundation for a new division, Blockstream Finance, which will offer bitcoin investment products on the Liquid Network.