Fascinating: Tether invests $200M into a Neurotech start-up.

So many thoughts here.

I'm curious to hear your perspective first.

What's the play?

Fascinating: Tether invests $200M into a Neurotech start-up.

So many thoughts here.

I'm curious to hear your perspective first.

What's the play?

https://www.forbes.com/sites/naveenrao/2024/04/30/what-200-million-in-crypto-cash-means-for-blackrock-neurotech/

Operator turned investor. Work in TradFi.  @crossroads 🟪

Elevating onchain creators 

@nodefoundation @brightmoments 
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They are printing cash and need somewhere to put it

Some percentage goes to alternative investments that are high risk

Seems standard for managing a corporate treasury of that size

Interesting. 

So they're looking to become a holding company - a next gen Birkshire Hathaway?

Giant balance sheet

Probably encouraged by FTX Anthropic success story

thot leadership at /opacity --
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Either you die a hero, or live long enough to become a mega fund

Part of Tether's mission to branch out from just finance to more "human innovation" tech x humanity ventures. I believe this was the first investment for their Evo division, which is aimed at commercializing tech.

Part of Tether's mission to branch out from just finance to more "human innovation" tech x humanity ventures. I believe this was the first investment for their Evo division, which is aimed at commercializing tech. 
https://tether.io/evo/

Diversification and I’d figure it’s got some political connection in the founders or investments. 

So Tether probably being in good graces of the powerful DC folks imo