American asset-management firm GoldenTree Asset Management disclosed details about acquiring SushiSwap (SUSHI) for $5.2 million.
According to Etherscan, the purchase of 3,027,916 tokens was carried out on September 13.
A company representative, Mark Razerford, said in a community forum post about the firm’s strategy regarding SushiSwap and digital assets in general.
“We trust the team and the community and want to hear different viewpoints to arrive at our own conclusions,” the statement said.
GoldenTree Asset Management expressed willingness to help with tokenomics issues as well as protocol design.
SUSHI reacted positively to the news. The token’s daily price increase reached 13.9%, according to CoinGecko.
On March 8, GoldenTree Asset Management hired Avi Felman, an asset manager from BlockTower Capital, as head of the digital assets trading department.
In August 2021 the firm invested part of its capital in Bitcoin, according to media reports. The size of the purchase was not disclosed.
In October 2022, the Sushi executive director (“chef”) became Jared Grey.
Earlier in the project’s community there were discussions to create a legal structure for the project.
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