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

Reported By: CryptoFundReport.com

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.

Read More

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.