Alan Howard to Sell Crypto Company Shares and Reinvest in Brevan Howard Digital

According to Bloomberg: Billionaire Alan Howard, co-founder of the asset management company Brevan Howard, is reportedly planning to sell his personal shares in several crypto businesses. According to a Bloomberg source, the sale will include Howard's stakes in crypto asset custody firm Copper and cryptocurrency broker Bitpanda. The intention behind the sell-off is to reinvest the proceeds into Brevan Howard Digital, Howard's own venture. However, details related to the size of the shares being sold or potential valuation of the deal remain undisclosed. Brevan Howard Digital, currently employing 40 individuals, is planning to expand its capital in its existing strategies, and aims to launch new asset management products and services over the coming months. Despite the risk, Howard’s plan to liquidate his crypto company holdings depicts his confidence and future growth plan for Brevan Howard Digital.