point72

According to BitcoinTreasuries, billionaire Steve Cohen's hedge fund Point72 Asset Management has purchased 390,666 shares (approximately $65 million) of Bitcoin treasury company Strategy ($MSTR) stock.

ChainCatcher news, according to Bloomberg, Point72 Asset Management and ExodusPoint Capital Management, both under Steve Cohen, disclosed their holdings in the cryptocurrency payment company Alt5 Sigma this Monday. Point72 holds 4% of the shares, valued at approximately $26.7 million; ExodusPoint's main fund once held over 5%, currently at 4.75%, with a holding value of about $32.1 million.On August 11, ALT5 Sigma announced that it has signed an agreement to sell 200 million shares of common stock at a price of $7.5 per share through a registered direct offering and concurrent private placement, raising a total of $1.5 billion. World Liberty Financial is the main investor in this private placement.Point72 Asset Management is a globally recognized alternative investment firm headquartered in Stamford, Connecticut, USA. As of July 1, 2025, it manages approximately $39.9 billion in assets.

ChainCatcher news, billionaire hedge fund founder Steve Cohen, founder of Point72, stated during a speech in Miami that U.S. stocks may experience a significant adjustment due to the policies of the Trump administration. Cohen expects that in the second half of 2025, the growth rate of the U.S. economy will slow from 2.5% to 1.5%, marking "the first time in a while that I feel very negative."Cohen pointed out that the tariff policies of the Trump administration are essentially a form of taxation, which could provoke international trade retaliation; at the same time, immigration restrictions will affect labor force growth, and the anti-corruption initiatives of the Department of Government Efficiency (DOGE) are essentially contractionary policies. These factors combined will have a negative impact on the economy. Against the backdrop of the S&P 500 index rising over 50% since the beginning of 2023 and Nvidia's increase of 800%, current market valuations are at historical highs, with most investors, including hedge funds and retail investors, holding near-maximum positions, leading to significant downside risks in the market.It is reported that Point72 is known as "Wall Street's craziest money-making machine," and Cohen has been named by U.S. media as the most influential trader in Wall Street history. He is also the inspiration for the character Bobby Axelrod, a financial tycoon in the popular American TV series "Billions." Analysis from Goldman Sachs' trading department shows that if stocks fall by 10% within a month, it could trigger about $200 billion in systemic selling, with one-third coming from the U.S. market.

ChainCatcher news, according to Bloomberg, sources say that Galaxy Digital has hired Point72 CFO Anthony Paquette as its Chief Financial Officer. Anthony Paquette will transition to a senior advisory role at Galaxy starting in January, as the appointment has not yet been made public.Paquette has served as the Chief Financial Officer of Steven Cohen's asset management firm Point72 for over four years. Prior to that, he was the head of a business unit at fintech company SoFi and a managing director at JPMorgan Chase. Galaxy is listed on the Toronto Stock Exchange and has been seeking to go public in the United States for years.

ChainCatcher news, according to Forbes, billionaire Steve Cohen's venture capital arm Point72 Ventures is shifting its investment focus towards artificial intelligence and defense technology startups after laying off five investors who specialized in fintech and cryptocurrency. Sources revealed that this move is part of the company's strategic adjustment aimed at optimizing resource allocation and seizing the biggest market opportunities.Among those laid off are three fintech experts and two members of the Point72 Ventures digital assets team. Insiders indicated that partners Tripp Shriner and Sugam Sarin may also leave, but there are reports that they might continue to support the existing portfolio companies.Since its establishment in 2016, Point72 Ventures has invested in over 100 startups across various sectors, including fintech, artificial intelligence, consumer, enterprise, and defense technology. Notably, fintech startups hold a significant position, including MX Technologies and Vestwell, which are on Forbes' list of the top 50 fintech companies. However, with the significant decline in valuations within the fintech sector and a sharp reduction in venture capital, Point72 Ventures is adjusting its investment strategy.

ChainCatcher message: According to the recent 13F filing submitted to the U.S. SEC, as of the end of the first quarter of this year, billionaire and New York Mets owner Steven Cohen's $34 billion hedge fund Point72 holds $77.5 million in Fidelity's Bitcoin Spot ETF (FBTC).According to a report by Bitcoin brokerage River, among the top 25 hedge funds in the U.S., 13 purchased Bitcoin Spot ETFs in the first quarter, with major buyers including Elliott Capital, Millennium Management, Fortress Investment Group, and Schonfeld Strategic Advisors.

ChainCatcher news, according to Bloomberg, Michael Ashby, former head of digital asset strategy at Point72, has joined the proprietary cryptocurrency trading firm AlgoQuant as CEO.Ashby stated that AlgoQuant will actively expand its digital asset management business and has moved its headquarters from New Jersey to Dubai as part of its business expansion plan in the UAE.

ChainCatcher news, according to crypto.news, the Dutch cryptocurrency derivatives exchange D2X announced the completion of a $10 million Series A funding round, led jointly by Point72 Ventures and GSR Markets. The funds will be used to "attract liquidity, develop new features, and expand business in the EU." D2X is set to launch later this quarter.It is reported that D2X previously obtained a MiFID MTF license issued by the Dutch Authority for the Financial Markets (AFM), allowing it to operate a cryptocurrency futures and options exchange across the EU.

ChainCatcher news, according to Axios, the fan engagement platform MITH based on the Polygon blockchain has announced the completion of a $3.5 million seed round financing, led by Point72 Ventures and A+E Networks, with participation from Warner Music Group, CMT Digital, Winklevoss Capital, Synergis Capital, Near Foundation, 4RC, and Alpha Praetorian Capital.

ChainCatcher news, according to CoinDesk, the fintech platform GenTwo has completed a $15 million Series A funding round, led by Point72 Ventures. This round of financing will support international expansion and the development of its financial engineering platform.It is reported that GenTwo PRO allows investors to securitize any asset or investment strategy in a bankable form and bring it to market. It enables all investors to access non-bankable assets, including real estate, artwork, or digital assets. In addition, Pete Casella, Senior Partner and Co-Head of Fintech Investments at Point72 Ventures, has also joined the board of GenTwo.

ChainCatcher news, the open finance platform Syncfy announced that it has raised $10 million in seed funding, led by Point72 Ventures, with participation from JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, MANTIS Venture Capital, and XBTO Humla Ventures. This round of funding will be used for market expansion and to launch new products in data aggregation, data analysis, and payment infrastructure.It is reported that the Syncfy platform can access financial data from over 15 countries in Latin America and 125 different banks, digital wallets, tax authorities, utility providers, cryptocurrency exchanges, and blockchains through a single API. (source link)