Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March.  In the previous funding round, Robert Gutmann, CEO of NYDIG, stated that the additional funds would be used to develop “Bitcoin-related strategic initiatives spanning from investment […]

Related News

NYDIG raises $150 million for two Bitcoin investment funds

Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG's CEO. New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1.The NYDIG Digital Assets Fund I raised $50 million, with the NYDIG Digital Assets Fund II raising a further $100 million.Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to....

Institutional Bitcoin Shop NYDIG Raises $150M for Twin Crypto Funds

New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S. Securities and Exchange Commission filings, NYDIG Digital Assets Fund I raised $50 million from institutional investors while NYDIG […]

NYDIG raises $1B in funding, valuation now $7B

The company stated its goal is to enable access to Bitcoin financial services for everyday individuals. On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion.The firm has proved to be popular among institutional investors. Last year, Stone Ridge, a $10 billion asset manager, purchased 10,000 Bitcoin (BTC) via NYDIG's services. NYDIG is....

NYDIG raises $100 million and launches 'Bitcoin-powered' insurance initiative

The investment services firm said its new global head of insurance solutions would be spearheading the effort. New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin.In an announcement today, the New York Digital Investment Group, or NYDG, said it had secured $100 million in funding from major insurance providers including Starr Insurance, Liberty Mutual Insurance, and others in addition to its existing strategic partners, New York Life and MassMutual. A provider of Bitcoin-related....

Bitcoin Mining Firm Luxor Raises $5 Million In Round Led By NYDIG

Bitcoin mining company Luxor Technology has raised $5 million in a round led by NYDIG, which will also partner with Luxor on mining projects.