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2021-03-08 21:51:11

Soros Fund among investors as Bitcoin group raises $200M

NYDIG (New York Digital Investor Group) earlier today announced a $200M funding round led by Soros Fund Management, MassMutual, FS Investments, and Morgan Stanley, among others."I am thrilled by what this group of incredible investors will mean for NYDIG, but especially for Bitcoin (BTC-USD), says NYDIG executive chairman and co-founder Ross Stevens.Stevens is also CEO of Stone Ridge Asset Management, which made the case for Bitcoin in its 2020 annual letter a few months back.Alongside, NYDIG announces that life, annuity, and P&C insurers now own more than $1B in Bitcoin exposure, with those investments facilitated by NYDIG.It was about three months ago when MassMutual shook things up with an announcement of its $100M Bitcoin investment.