EXCLUSIVE $10 billion asset manager Stone Ridge reveals $115 million bitcoin position as part of a larger plan: by
NYDIG parent Stone Ridge holds 10,000+ BTC in its own treasury while managing $10+ billion in other assets for some of the largest corporations, banks & insurers in the world. Firms that sell #Bitcoin should hold #Bitcoin. #Skininthegame
As the trillions of dollars on the balance sheets of banks, asset managers, insurance firms, endowments, & family offices begin their migration to the #Bitcoin universe, they will need firms like NYDIG to guide them. $1 billion down, more to go.
BREAKING: $10 billion asset manager Stone Ridge spins-off bitcoin subsidiary managing more than $300 million in bitcoin, ethereum, XRP and more:: via
"NYDIG’s typical #Bitcoin investor has between 1% of 5% of its portfolio invested in cryptocurrency, with a few investors more comfortable with the technology exceeding 5%."
$10 billion asset management firm is holding $115 million worth of Bitcoin. Having 0% exposure to Bitcoin at this point is the wrong answer.
ICYMI: $10 billion asset manager Stone Ridge reveals $115 million bitcoin position as part of a larger plan: by
$10 billion asset manager Stone Ridge spins-off bitcoin subsidiary managing more than $300 million in bitcoin, ethereum, XRP and more:: by
Stone Ridge announced a $115 million Bitcoin position and their subsidiary NYDIG just raised a monster round 😲This is huge for institutional adoption.
Don't miss the details: Stone Ridge's bitcoin spin-off also revealed it raised $100 million in venture capital, has $1 billion in assets in custody, including XRP and litecoin, and is custodying 10,000 bitcoin for its parent company: by
"Stone Ridge Holdings Group revealed NYDIG is custodying 10,000 of the parent company’s bitcoin, valued at $115 million at today’s price." Another great story by
Stone Ridge Reveals $115 Million Bitcoin Investment As Part Of Billion-Dollar Spin-Off And the news keeps getting better :) Who's next to reveal they #GotOffZero?
Excited to announce that we have led NYDIG's oversubscribed $50m equity round. We look forward to being thought partners and evangelists in NYDIG’s global mission to deliver the future of institutional digital asset management!
forbes: stone ridge reveals $115 million bitcoin investment as part of billion-dollar spin-off
I wonder why big companies and institutions are buying all this Bitcoin and what impact that might have on the market. 🤔
"While the firm isn’t sharing its total assets under management NYDIG now custodies more than $1 billion, according to the firm, and the number of its clients has quadrupled over the past ten months."
Stone Ridge just revealed a massive $115 Million Bitcoin Investment and is now holding custody of over $1Billion worth of crypto. (5/6)