Key takeout
- 210K Capital achieved a net profit of 640% by investing in companies accumulating Bitcoin.
- Key holdings include smarter Web and Metaplanet companies that have transformed into key Bitcoin buyers.
According to a new Bloomberg report, 210K Capital, an investment fund led by Trump’s crypto advisor David Bailey, generated 640% net profit by investing in Bitcoin financing companies in the 12 months leading up to June. As of June 30, the fund had managed $433 million in assets.
Bailey, who helped launch Bitcoin Inc. and hosted the recent Bitcoin 2025 event, has made a spectacular return on both advocacy and investment. He supported several public companies and urged them to add Bitcoin to their finances. According to Bloomberg, investments in the UK-based The Smarter Web have returned almost 14,000% since February.
According to Tyler Evans, a partner at 210K Capital Manage, the fund is exploring 30 additional investments in existing and potential Bitcoin proxies.
Our current portfolio spans Japan, Canada, Sweden, Australia, the US and the UK, accounting for approximately 95% of our assets. In addition to the smarter web, other well-known names include Metaplanet and Blockchain Groups.
Metaplanet is one of the largest holdings in the capital with 210,000 cases. The open hotel operators who have become Bitcoin buyers, often referred to as Asian Micro Strategy, represent about a quarter of their portfolio.
The fund paid $1 million for a warrant that was later converted to common stock, and is now worth about $106 million. Before Metaplanet’s strategic shift, 210K Capital managed just $44 million.
The fund currently targets markets without spot Bitcoin ETFs, including countries in India, South Korea, Southeast Asia and Latin America. “All of these are very enthusiastic opportunities for us and we hope we can announce the deal soon,” Evans said.