{"id":33187,"date":"2020-12-11T10:10:20","date_gmt":"2020-12-11T08:10:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33187"},"modified":"2025-08-28T12:38:24","modified_gmt":"2025-08-28T09:38:24","slug":"massmutual-invests-100-million-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/massmutual-invests-100-million-in-bitcoin\/","title":{"rendered":"MassMutual Invests $100 Million in Bitcoin"},"content":{"rendered":"<p>The insurer MassMutual, serving 5 million customers, invested $100 million in Bitcoin. This was <a href=\\\"https:\/\/nydig.com\/about-nydig\/news-press-releases\/institutional-bitcoin-provider-nydig-announces-minority-stake-purchase-by-massmutual\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">\u0441\u043e\u043e\u0431\u0449\u0438\u043b<\/a> the head of NYDIG&#8217;s cryptocurrency funds.<\/p>\n<p><!--more--><\/p>\n<p>MassMutual, based in Massachusetts, has been operating since 1851 and oversees $235 billion in insurance accounts.<\/p>\n<p>According to <a href=\\\"https:\/\/www.wsj.com\/articles\/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">The Wall Street Journal<\/a>, one of the main factors behind the purchase of Bitcoin was the rise in dollar inflation.<\/p>\n<p>The insurer also bought a $5 million stake in NYDIG. MassMutual&#8217;s Chief Investment Officer Tim Corbett said the deals would provide long-term benefits for clients.<\/p>\n<p>Earlier, NYDIG raised $105 million from 15 investors for the NYDIG Institutional Bitcoin Fund. In October, its parent company Stone Ridge Holdings Group <a href=\"https:\/\/forklog.com\/en\/news\/stone-ridge-holdings-group-nydigs-parent-buys-10000-btc\">added 10 000 BTC<\/a> (~$114 million at the time of writing).<\/p>\n<p>In December, MicroStrategy <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-invests-another-50-million-in-bitcoin-at-just-over-19000-per-coin\">announced its third by count<\/a> investment in Bitcoin of $50 million.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The insurer MassMutual, serving 5 million customers, invested $100 million in Bitcoin. This was announced by the head of NYDIG&#8217;s cryptocurrency funds.<\/p>\n","protected":false},"author":1,"featured_media":33188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,52,1690],"class_list":["post-33187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-investments","tag-nydig"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33187"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33187\/revisions"}],"predecessor-version":[{"id":33189,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33187\/revisions\/33189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33188"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}