Tag: NYDIG

Meet the CEO trying to convince every multi-billion dollar insurance fund to buy bitcoin

Meet the CEO trying to convince every multi-billion dollar insurance fund to buy bitcoin

Bitcoin investment firm NYDIG raised $50 million in October, quadrupled its clients and life insurance company MassMutual purchased a minority stake in the firm. This came about because bitcoin is transitioning to a predominantly institution-owned asset, according to NYDIG CEO Robert Gutmann.  MassMutual made a $5 million equity investment in NYDIG last December, as well […]

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While bitcoin was cratering over the weekend, institutions were buying

While bitcoin was cratering over the weekend, institutions were buying

Bitcoin is recouping losses clocked in over the weekend, which isn’t a surprise to market participants servicing institutional investors. At last check, bitcoin was trading up more than 9% at more than $37,000. That’s a far cry from the levels over the weekend, when a wave of long liquidations of leveraged retail trades sent the […]

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JPMorgan: MassMutual’s Bitcoin (BTC) Bet Hints Rising Institutional Demand

JPMorgan strategists have backed the recent $100-million Bitcoin investment by insurance giant Massachusetts Mutual Life. Last week, the 169-year-old investment giant announced its purchase of Bitcoin through NYDIG. The investment comes just at a time when Bitcoin was under selling pressure. JPMorgan says this is a clear indication of the rising appetite for Bitcoin investment […]

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MassMutual makes grand crypto entrance with $100M BTC purchase

MassMutual announced a $100 million Bitcoin purchase. Increased institutional demand might put some pressure on the asset. Institutional interest has been a prominent driver of the current crypto rally, with several high-net-worth individuals and companies committing to the leading cryptocurrency. The latest in the line of institutions to wade into the crypto space is MassMutual, […]

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Stone Ridge Asset Management Joins MicroStrategy and Square, Holds $115 Million in Bitcoin

Institutional participation in Bitcoin (BTC) continues to be on a steep rise over the last few months. Today, October 13, Stone Ridge Asset Management announced that it is holding over 10,000+ BTC worth more than $115 million. The announcement comes as Stone Ridge parent NYDIG raised over $50 million in growth equity funding. With more […]

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