Soros, Morgan Stanley Join $200M Investment in Bitcoin Firm NYDIG
NYDIG, the firm that facilitated MassMutual's $100 million bitcoin buy last year, has raised $200 million from a cadre of big-name investors.
The new program allows investors to deposit funds into a self-directed retirement account.
The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.
A memo obtained by CoinDesk lays out the bank’s approach to providing clients with access to bitcoin and other digital assets.
Sam Bankman-Fried's investment shop has bought $20 million in REEF tokens, with an eye to purchasing more.
The funding will be used to build out the machine-learning platform's existing and future applications.