Hedge fund Parataxis recorded a return rate of 341% in 2023, having bought BTC and SOL at oversold levels.

BlockBeats news, on January 27th, according to Bloomberg, one of the four hedge funds operated by Parataxis Capital Management achieved a return of 341% last year after deducting fees. CEO Edward Chin chose to increase holdings in Bitcoin during the turbulent period of regional banking in Silicon Valley Bank, Silvergate Bank, and Signature Bank's collapse last year. In addition, the fund also invested heavily in Solana. These two investments enabled Parataxis to outperform the market, and Parataxis usually chooses to enter the market when oversold conditions bring high liquidity.