TIGER 21 Allocates $6 Billion to Crypto in $200 Billion Portfolio.

TIGER 21, a network of affluent investors, entrepreneurs, and executives, has invested up to $6 billion in cryptocurrency within its $200 billion portfolio. Founder Michael Sonnenfeldt revealed that digital currencies make up 1% to 3% of their assets, equivalent to $6 billion. He highlighted the appeal of Bitcoin as a store of value and hedge against economic instability in countries like Argentina and Lebanon. TIGER 21, requiring members to have at least $20 million in assets, has expanded to 53 cities globally since 1999, with over 1,600 members. The move reflects a broader trend of institutions increasing crypto investments amid clearer US regulatory conditions. While Sonnenfeldt did not disclose specific cryptocurrencies held, the market cap currently stands at $3.3 trillion, recovering from recent losses. Bitcoin dominance has slightly decreased to 61.42% from a recent high of 63%.