British magnate Alan Howard continues to make headlines in the crypto world following his recent investment in Copper. The London-based crypto custodian is set to receive a $25 million investment from him. The raise is in support of the $50 million series B raise which Copper closed last month.
In a statement regarding the investment, he stated that he was happy to support the company and that Copper’s pioneering technology which aimed at improving crypto security and speeding up transactions, was very necessary for meeting client’s needs.
Howard has consistently been an avid supporter of cryptocurrencies and has heavily invested in them. His hedge fund, Brevan Howard Asset Management, which he co-founded in 2002 and served as CEO until 2019, has grown to become one of the biggest players in the market. As of 2013, it was believed to manage approximately $40 billion.
Some notable crypto investments made by Alan Howard include River Bank Crypto investment worth $600 million, $15.5 million back-ups for Bottlepay, and a $25 million raise for Komainu-a digital asset custodian. He also invested $4 million in Kikitrade and contributed to a $30 million raise for Ledn in Canada between May and June 2021.
He joins a number of reputable politicians and established businessmen who have supported and invested in crypto. Some include Won Hee-ryong, Elon Musk, and most recently El Salvador’s president Bukele who embraced the mining of bitcoin in the country.