Michael Song

Co-Founder, Borrow/On/Bitcoin · Executive Officer, Sypher Capital

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Michael Song is a Co-Founder of Borrow/On/Bitcoin, where he leads the BoB Bitcoin Loan Rate Index. He is an Executive Officer and a Manager of Sypher Capital Management, LLC, an institutional digital asset manager based in Jersey City, NJ.

Sypher Capital Management serves as investment manager to the Sypher family of funds, which file with the U.S. Securities and Exchange Commission. Michael is named as an Executive Officer and a Manager of the investment manager in those filings.

SEC-registered Sypher funds

Sypher Capital Management, LLC is the investment manager to the following funds, each with public Form D filings on the SEC EDGAR database:

Areas of focus

Bitcoin-backed lendingInterest rate benchmarksLoan-to-value ratiosCustody modelsMargin call and liquidation mechanics

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