NYDIG, the firm that facilitated MassMutual’s $100 million bitcoin buy 12 months that is last has raised $200 million from the cadre of big-name investors.
Monday the round included Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments, NYDIG announced. Past investors Bessemer Venture Partners and FinTech Collective also participated.
“The businesses taking part in this round are far more than investors for years,” Robert Gutmann, co-founder and CEO of NYDIG, said in a press declaration– they have been lovers, each well recognized to us. “NYDIG is using these businesses on bitcoin-related strategic initiatives investment that is spanning, insurance, banking, clean energy and philanthropy.”
NYDIG burst onto the scene in December while the company that got an insurance that is 169-year-old to embrace bitcoin in full. MassMutual took a $5 million equity stake in NYDIG during the time.
The company has since develop into a key player in catalyzing Wall Street’s embrace associated with cryptocurrency that is original. Simply month that is last Gutmann stated NYDIG will likely handle over $25 billion in bitcoin on behalf of consumers by the conclusion of 2021.
In Monday’s statement, Gutmann offered a tease of sorts: