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Vulture investor feasts on cryptocurrency whales seeking quick exits

Estes, 52, runs Off The Chain Capital LLC, a nearly $40 million fund that specializes in buying digital assets from people strapped for cash due to divorce, loss of income or unforeseen circumstances

bitcoin, cryptocurrency
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The Orlando, Florida-based firm typically picks up assets at more than a 50 per cent discount, Estes said

Olga Kharif | Bloomberg New York
When big investors commonly referred to as whales need to quickly or quietly get out of the cryptocurrency world, they often turn to Brian Estes.

Estes, 52, runs Off The Chain Capital LLC, a nearly $40 million fund that specializes in buying digital assets from people strapped for cash due to divorce, loss of income or other unforeseen circumstances. The Orlando, Florida-based firm typically picks up assets at more than a 50 per cent discount, Estes said. The fund is in talks to purchase about 1% of crypto-payments processor BitPay from a motivated seller, and another stake in the crypto