New York Digital Investment Group (NYDIG) has attracted $720 million from 59 investors for its Institutional Bitcoin Fund, Trustnodes reports, citing a regulatory filing.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
It is unclear, when exactly the New York-based firm plans to start accumulating the largest by market capitalization cryptocurrency. Amid reports, NYDIG also promoted executives Tejas Shah and Nate Conrad to the roles of CEO and President, respectively.
NYDIG added in a press release that the changes come as its bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange