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The massmutual bitcoins investment was revealed in a Thursday press release.

This twin-play gives Massachusetts Mutual Life Insurance Co. direct exposure to cryptocurrency volatility and gives signs for other big players to follow the lead. NYDIG is one of the fastest-growing crypto-shops with roughly $2.3 billion under management.

MassMutual’s bet in Bitcoins is just a drop on its own $235 billion buckets in assets.

The life insurance company is the latest joining cryptocurrency boat into a financial mainstream ride.
Even with the pandemic taking hold of our everyday lives, big corporations and many fund managers joined crypto at a pace never seen before in our history.

NYDIG hired crypto banker Patrick Sells to lead its crypto services.

The massmutual bitcoins investment was revealed in a Thursday press release.
MassMutual invested $100M in Bitcoins and $5M in NYDIG 2

As per Coindesk, NYDIG refused to comment on the investor of that fund.

Source:
Coindesk

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