Bitcoin Firm NYDIG Raises $200M from Morgan Stanley, MassMutual
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Cryptocurrency investments company NYDIG announced it had attracted $200 million from Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments.

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NYDIG CEO, Robert Gutmann, claims the investors, which participated in the funding round are rather partners than investors.

"NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy," Gutmann added.

As iHodl reported in December 2020, Massachusetts Mutual Life Insurance Co., one of the largest United States corporations by total revenue, invested $100 million in bitcoin (EXANTE: Bitcoin) for its general investment account. The company said the investment was based on a big strategy to "take advantage of new opportunities" with diversified portfolio.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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