The Bitcoin Opportunity Fund is seeking to raise $100 million, according to Bloomberg. The fund, led by six investors including managing partners James Lavish and David Foley, will invest in bitcoin-related public and private companies. The team said they put a significant portion of their net worth into the fund. James Lavish previously served as Chief Operating Officer at LKCM Alternative Management for 15 years and prior to joining LKCM, James Lavish was co-founder and managing partner of risk arbitrage hedge fund Ranger Arbitrage. Since January 2021, David Foley has been a partner at Equity Management Associates, along with Larry Lepard.