Veteran Insurer MassMutual Buys $100M Worth Bitcoin
forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
MassMutual s LifeScore Labs and Antara Health Partner to Explore Risk Scoring in Healthcare
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Institutional Bitcoin Provider NYDIG Announces Minority Stake Purchase by MassMutual
News provided by
Share this article
NEW YORK, Dec. 10, 2020 /PRNewswire/
NYDIG, a leading provider of institutional investment and technology solutions for Bitcoin, announced today that Massachusetts Mutual Life Insurance Company (MassMutual) has purchased a minority stake in the company.
Along with a $5 million equity investment in NYDIG, MassMutual has also purchased $100 million in Bitcoin for its general investment account in a transaction facilitated by NYDIG. The firm s Bitcoin position is held on NYDIG s secure, audited, and insured custody platform.
Robert Gutmann, co-founder and CEO of NYDIG, said, The strategic equity investment of MassMutual underscores NYDIG s role as the leading provider of Bitcoin solutions to institutions, banks, and private clients. It also accelerates our white-label business segment, which provides bespoke implementations of our core custody, execution,