How Two Venture Funds Secured 170% Gains From Just One Crypto Bet
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An early investment into Numeraire (NMR) crypto returned 170 percent gains to two venture funds. Crypto-focused investment firms Placeholder and Paradigm led an $11 million round in the Numerai blockchain’s native asset on March 21, 2019, when it was trading at around $5.
Placeholder and Paradigm on March 21, 2019, invested $11 million in Numerai, a blockchain-based hedge powered by its native asset, Numeraire (NMR). Source: MessariThe portal noted that the price of one NMR has surged by 177 percent since their March 2019’s investment round.
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