Placeholder Management, LLC

Placeholder Management, LLC is a venture capital firm specializing in investments in open blockchain networks and web3 applications. Established on August 1, 2017, in New York, NY, the firm manages client assets totaling approximately $1.26 billion as of December 31, 2024. The firm offers advisory services on a discretionary basis to clients, including pooled investment vehicles for sophisticated and institutional investors. Investment advice focuses on cryptocurrencies like Bitcoin and Ethereum, as well as early-stage web3 companies. Clients are charged asset-based management fees ranging from 0.5% to 2.5% per annum, with performance-based compensation at 20% of gains. The firm follows a buy-and-hold strategy, global macro investing, and growth investment strategy. Placeholder Management, LLC is a fiduciary acting in the best interests of clients, with policies and procedures in place to address conflicts of interest related to investment discretion and allocation of investment opportunities among clients. The firm has adopted a Code of Ethics, detailing standards for fair and honest dealings with clients. The firm does not compensate individuals for client referrals and does not engage in soft dollar arrangements. The firm does not currently utilize brokers for transactions. In the event of proxy voting, the firm has established policies and procedures to ensure votes are in the best interests of clients.