New institutional player — MassMutual purchases $100M Bitcoin: Author – CFR

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Cointelegraph – According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in crypto.  The purchase comes as major institutional players are adopting Bitcoin for the first time and going longer on crypto investments.

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