{"id":68194,"date":"2022-10-06T15:10:29","date_gmt":"2022-10-06T12:10:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68194"},"modified":"2025-09-07T12:49:04","modified_gmt":"2025-09-07T09:49:04","slug":"firm-with-47-billion-under-management-buys-5-2-million-of-sushi-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/firm-with-47-billion-under-management-buys-5-2-million-of-sushi-tokens\/","title":{"rendered":"Firm with $47 billion under management buys $5.2 million of SUSHI tokens"},"content":{"rendered":"

American asset-management firm GoldenTree Asset Management disclosed details<\/a> about acquiring SushiSwap (SUSHI) for $5.2 million.<\/p>\n

According to Etherscan, the purchase of 3,027,916 tokens was carried out<\/a> on September 13.<\/p>\n

A company representative, Mark Razerford, said in a community forum post about the firm’s strategy regarding SushiSwap and digital assets in general.<\/p>\n

\n

“We trust the team and the community and want to hear different viewpoints to arrive at our own conclusions,”<\/em> the statement said.<\/p>\n<\/blockquote>\n

GoldenTree Asset Management expressed willingness to help with tokenomics issues as well as protocol design.<\/p>\n

SUSHI reacted positively to the news. The token’s daily price increase reached 13.9%, according to CoinGecko<\/a>.<\/p>\n

On March 8, GoldenTree Asset Management hired<\/a> Avi Felman, an asset manager from BlockTower Capital, as head of the digital assets trading department.<\/p>\n

In August 2021 the firm invested<\/a> part of its capital in Bitcoin, according to media reports. The size of the purchase was not disclosed.<\/p>\n

In October 2022, the Sushi executive director (“chef”) became<\/a> Jared Grey.<\/p>\n

Earlier in the project’s community there were discussions to create a legal structure<\/a> for the project.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

American asset-management firm GoldenTree Asset Management disclosed details about acquiring SushiSwap (SUSHI) for $5.2 million.<\/p>\n","protected":false},"author":1,"featured_media":68195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1379],"class_list":["post-68194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sushiswap"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=68194"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68194\/revisions"}],"predecessor-version":[{"id":68196,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68194\/revisions\/68196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/68195"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=68194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=68194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=68194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}