Citadel Is The Top Investor In MEIP LITECOIN Treasury Fund. (Wtf is the big deal?)
*Citadel is ranked as the #1 most profitable hedge fund in history by LCH Investments, with $83 billion in net gains for investors since its inception in 1990 as of December 2024.
Kenneth Griffin:
Net Worth: $42.2 billion (March 2025), 34th-richest globally, 22nd on Forbes 400 (2024).
Citadel Founder: Started Citadel in 1990 with $4.6 million; now manages ~$66 billion in AUM.
Earnings: Annual Citadel earnings include $1.8 billion (2020), $1.5 billion (2019), $1.4 billion (2017, 2014).
Investments: Spent $800 million on art, $238 million on record-breaking NYC penthouse (2019), $43.2 million on U.S. Constitution copy (2021).
Citadel: Financial Achievements
AUM: ~$66 billion (2025), flagship funds (Wellington, Kensington) manage 80% of assets.
Performance:
- 2021βSep 2024: $56.8 billion in gains, ~$30 billion net to investors after fees.
- 2024: Flagship fund up 15.1%.
- 2025 YTD (July): Wellington up 4%, all strategies positive.
Historical: 62% return in 2009 after 55% loss in 2008; acquired distressed assets in 2006.
Citadel Securities: $3.4 billion revenue in Q1 2025, handles ~25% of U.S. stock trades.
Ethereum is about to break out!
I can barely believe my eyes.
Is it finally happening?
It certainly looks like it to me.
4 years for this moment.
New $ETH ATHs won't take long after this. π
Massive corporations are dumping cash! This is getting contagious.
Crazy: Blackrock competitor, Citadel just invested in MEI PHARMAs fund raise to buy the f out of Litecoin for their treasury fund. Based on market cap, LTC should pump much harder than ETH ethereum.