Massachusetts Mutual Life Insurance Co. Joined Other Bitcoin Institutional Investors




 

The avalanche of institutional Bitcoin investors continues with Massachusetts Mutual Life Insurance Co. According to a statement, the U.S financial services company (with more than 5 million clients) has purchased $100 million in Bitcoin for its general investment fund.
 

 

In addition, Massachusetts Mutual Life Insurance Co also acquired a $5 million minority equity stake in NYDIG, a leading provider of institutional investment and technology solutions for Bitcoin. The company is the latest to invest in the largest cryptocurrency following MicroStrategy Inc., which has recently expanded its investments into the coin.

 

 

According to Bloomberg, “The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. 30, MassMutual said.

Share

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email

Get in touch

If you would like to conduct an interview, call me for a conference, contribute to the blog, or for any other request, you can contact me directly. You will also find the contact details of Market Securities if you would like to receive their research offer (dedicated to institutional investors).