MetaStable Capital, founded in 2014 by Naval Ravikant and others, is a San Francisco-based cryptocurrency hedge fund. It offers two main funds: MetaStable Balanced and MetaStable Edge, focusing on broad value investments in crypto protocols and specific altcoins, respectively. With a minimum investment of $1 million, MetaStable employs a unique value investing strategy adapted for the crypto market's volatility. Their approach, reminiscent of Warren Buffett's, includes opportunistic investments during market crises, exemplified by their response to the Bitfinex hack. The fund charges a 2% management fee and a 20% performance fee on profits.
MetaStable Capital was acquired by Dragonfly on Aug 15, 2022.
MetaStable Capital Overview
MetaStable Capital - About
MetaStable Capital is a cryptocurrency asset hedge fund based in San Francisco, California, founded in September 2014 by Naval Ravikant, Josh Seims, and Lucas Ryan. The fund operates two primary investment vehicles: the MetaStable Balanced and the MetaStable Edge. The MetaStable Balanced fund adopts a broad, value investing approach, investing in a wide range of technical protocols underlying various cryptocurrencies. In contrast, the MetaStable Edge fund allows investors to take positions in specific altcoins.
MetaStable Capital requires a minimum investment of $1 million from its clients and charges a management fee of 2% of assets, along with a 20% performance fee on profits. The firm's investment strategy, as described by co-founder Lucas Ryan, is akin to value investing in the traditional sense, akin to the approach of Warren Buffett, but adapted to the volatile and ephemeral nature of the cryptocurrency market. An example of their strategic approach is their response to the Bitfinex hack in 2016, where they capitalized on the resulting Bitcoin price drop to double their Bitcoin position, demonstrating their skill in crisis investing within the cryptocurrency space.
MetaStable Capital was acquired by Dragonfly on Aug 15, 2022.
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