Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin
MassMutual becomes the latest announced institutional buyer of bitcoin, and this one could be even more significant in terms of precedent.
CEO Stevens said NYDIG's institutional order books are looking bullish for the year.
“If PayPal and Square can do it, then community banks should be able to do it, too,” said Moven founder Brett King.
The filing comes on the same day as bitcoin hit $50,000 for the first time ever.
The acquisition bolsters NYDIG's data offerings as it continues to build out an institutional client base.
Queens-based Quontic Bank has become the first FDIC-insured financial institution to launch a bitcoin rewards checking program.