News 169-Year-Old MassMutual Invests $100 Million in Bitcoin
December 16, 2020 by Olga Kharif
Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets.
The mutual insurer also acquired a $5 million minority equity stake in NYDIG, a subsidiary of Stone Ridge that provides cryptocurrency services to institutions, according to a statement.
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Originally Posted at ThinkAdvisor on December 11, 2020 by Olga Kharif.
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