-

MassMutual Has Tripled Bitcoin Investment Dollar Terms

  • MassMutual has greater than tripled the greenback worth of its bitcoin funding in beneath one yr.
  • The insurance coverage firm purchased an undisclosed quantity of BTC for $100,000,000 on December 10, 2020, when the bitcoin value was hovering round $18,500.

The Massachusetts Mutual Life Insurance Company has greater than tripled its bitcoin funding in beneath one yr. The earlier BTC/USD high earlier than December 10 was $19,918, and on the time of writing, one bitcoin was price over $60,000.

In December, MassMutual secured a $100 million bitcoin buy via institutional bitcoin companies supplier NYDIG. The Massachusetts-based insurance coverage firm jumped on the Bitcoin hype prepare with the announcement of its millionaire acquisition, empowered by the help of NYDIG.

Source link

Latest news

Volatile Action of Last Week’s Cryptocurrency Market

Join Our Telegram channel to keep up to date on breaking information protection After fears of a recession in developed...

What’s Causing India’s Crypto Ranking to Plummet?

Join Our Telegram channel to keep up to date on breaking information protection New taxation rules are anticipated to drive...

Five Advantages Of Using Bitcoin To Pay Rent – Bitcoin Magazine

Jenna Hall is a content material advertising and marketing coordinator at Redfin. Redfin doesn't present authorized, tax, or monetary...

Bitcoin Pump Pushes it Above $20k But Fails to Sustain Threshold – Investors still Confident

Join Our Telegram channel to keep up to date on breaking information protection Bitcoin failed to maintain the a lot...
- Advertisement -spot_img

As the prices of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, and Dogecoin soar higher, the cryptocurrency market exhibits “anomalous” behavior

Join Our Telegram channel to keep up to date on breaking information protection Recently, the behavior of crypto prices has...

Regulators say structural issues in DeFi warrant regulations

Join Our Telegram channel to keep up to date on breaking information protection The chair of the European Central Bank,...

Must read

Volatile Action of Last Week’s Cryptocurrency Market

Join Our Telegram channel to keep up to date...

What’s Causing India’s Crypto Ranking to Plummet?

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you