MassMutual turns into the most recent introduced institutional purchaser of bitcoin, and this one might be much more vital by way of precedent. Our
MassMutual turns into the most recent introduced institutional purchaser of bitcoin, and this one might be much more vital by way of precedent.
Our major dialogue: Why MassMutual purchased $100 million in bitcoin and why it issues.
On this episode, NLW appears to be like at current information that MassMutual had bought $100 million in bitcoin for its common account, in addition to made a $5 million minority funding in $2.three billion asset supervisor NYDIG, which helped facilitate the bitcoin buy. He discusses why insurance coverage firm purchases are totally different than different institutional patrons like MicroStrategy, and why this could be the start of a extra vital business pattern.