Winner Bitcoin Alpha 2024
$1 Million In Seed Capital Awarded To DeFi Hedge Fund Boreal, Bitcoin Alpha Competition Winner
Jan 2, 2025At Bitcoin 2024 this past July, Samara Alpha Management and Bitcoin Magazine Pro selected Boreal, a market neutral DeFi hedge fund, as the winner of this year’s Bitcoin Alpha Competition.
Boreal was awarded $1 million in seed capital as well as access to Samara’s institutional-grade infrastructure to help manage its fund.
Boreal stood out because of its trading strategy, which utilizes various DeFi protocols to generate yield on top of US dollars, bitcoin and ether.
“Even when things are super bearish, there's always a way to generate returns in DeFi,” said Boreal’s founder Evan Morris, who has been in the crypto space since 2016 and who worked in traditional finance prior to that.
