MassMutual Buys $100M Bitcoin, Bets on Institutional Adoption With $5M NYDIG Stake

Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in New York Digital Investments Group (NYDIG). The twin plays – both revealed in a Thursday press release – give MassMutual direct exposure to the cryptocurrency’s price swings and signal its […]

Source: https://www.coindesk.com/massmutual-buys-100m-bitcoin-bets-on-institutional-adoption-with-5m-nydig-stake

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