CoinDesk: Justin Sun handed over $580 million in Bitcoin to Valkyrie Investments this year

According to CoinDesk, according to a financial document obtained by CoinDesk, Justin Sun handed over $580 million in Bitcoin to Valkyrie Investments in August, which is more than 90% of the capital volume of Valkyrie Digital Assets, Valkyrie's largest department. Sun Yuchen also stated that he is one of the largest shareholders of Valkyrie. Valkyrie had partnered with NEM at the beginning of the year and managed the project’s treasury funds, but according to people involved in the agreement, the deal fell apart within months and NEM withdrew the tokens. Valkyrie Investments chief investment officer Steve McClurg said Valkyrie is still working with NEM, but CoinDesk said it did not find a partnership agreement between the two parties in the document. In addition, Valkyrie has launched TRX trust and the only BTT trust fund product on the market.