TIGER 21, a network of high-net-worth investors, executives, and entrepreneurs, has revealed an investment of about $6 billion in cryptocurrencies, making up part of its $200 billion asset portfolio, according to CoinTelegraph.
This crypto allocation constitutes between 1% and 3% of the group’s total assets, as shared by TIGER 21 founder and chairman Michael Sonnenfeldt in a CNBC interview on February 5.
The move reflects the members’ positive outlook on digital currencies, with some going fully into the asset class. Sonnenfeldt emphasized Bitcoin’s growing role as a store of value and a hedge against instability, particularly in countries like Argentina and Lebanon, which face economic turmoil. He compared Bitcoin to gold, noting that both are viewed as reliable stores of value beyond government control, attracting both traditional and modern investors.
Since its founding in 1999, TIGER 21, which requires a minimum of $20 million in investible assets for membership, has expanded globally to 53 cities, and its membership has surpassed 1,600 members. Sonnenfeldt pointed out that nearly 80% of TIGER 21’s portfolio is in “long-only risk-on assets,” such as public and private real estate and private equity, with cash holdings dipping below 10% for the first time in 17 years.
While the specific cryptocurrencies held by TIGER 21 were not disclosed, the investment comes at a time when the crypto market is rebounding. The total market capitalization for cryptocurrencies has reached $3.3 trillion, recovering from a significant decline on February 2 and 3. Bitcoin’s market dominance has slightly decreased to 61.42% after hitting nearly 63% on February 3, according to TradingView data.
TIGER 21’s major crypto investment reflects a wider trend of institutional investors increasing their stake in digital assets as regulatory clarity in the U.S. continues to develop.
