Bill Ackman's new investments in Web3

March 8, 2022

OP Ventures Fund I, closing on  in funding.  Bill Ackman is among the early backers, including Solana co-founder Raj Gokal, Terra founder Do Kwon, Polygon co-founder Sandeep Nailwal, billionaire financier Alan Howard and Asian gaming giant Animoca Brands Corp.

$50 million

This is the latest investment looking for a new option for the world wide web based on blockchain technology.

OP Crypto are planning to focus on cross-border investments between the U.S. and Asia

OP Crypto has invested in more than 10 web3 projects including crypto gaming project Merit Circle and Aurory.

Bill Ackman had invested once again in Canadian Pacific Railway Co. and his Pershing Square Capital Management held roughly 2.8 million shares in CP Rail at the end of December.

The new CP Rail stake is roughly 14.8 million shares, or $1.2 billion, in stock