NYDIG Raises $200 Million from Morgan Stanley, Soros Fund, MassMutual and others

Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. Bessemer Venture Partners and FinTech Collective has joined a $200M investment in Bitcoin firm NYDIG. Bessemer Venture Partners and FinTech Collective, who led the two prior funding rounds for NYDIG, were also significant participants.

“The firms participating in this round are more than investors – they are partners, each well known to us for years,” Robert Gutmann, co-founder and CEO of NYDIG, said in the announcement. “NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy. These partnerships leave no doubt that institutional adoption of Bitcoin has arrived and, further, that NYDIG is the partner of choice for serious financial services firms with the highest fiduciary and diligence standards. In the months and quarters ahead, look out for an explosion of innovation in Bitcoin products and services delivered by NYDIG, in partnership with our new investors.”

Ross Stevens, founder and Executive Chairman of NYDIG, continued, “I am thrilled by what this group of incredible investors will mean for NYDIG, but especially for Bitcoin.”

Last year, MassMutual bought 100 $100 million bitcoin in NYDIG.

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