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New York Digital Investment Group (NYDIG) Buys 10,000 BTC Worth $115 Million

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New York Digital Investment Group (NYDIG) Buys 10,000 BTC Worth $115 Million

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An asset management company with more than $13 billion in assets under management announced that they have acquired 10,000 BTC. The company acquired this as part of its main asset in treasury reserves.

According to an official press release, the $13 billion asset management company has acquired Bitcoin through its subsidiary New York Digital Investment Group (NYDIG).

Robert Gutmann, NYDIG Co-Founder and CEO, said on the matter that NYDIG’s position in transitioning from Bitcoin to institutional-owned assets is better than ever, becoming a company, institution and bank.

He went on to explain that NYDIG is derived from the company’s core function, that manages Stone Ridge Holdings Group’s investment and inventory levels in Bitcoin. Today the company offers its customers services through the same platform.

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Additionally, the CEO stated that his company takes pride in making one of its largest-ever treasury asset commitments to Bitcoin and sees the demand for a full set of corporate treasury and investment solutions accelerating.

As a result, Stone Ridge Asset Management, which currently has an AUM of more than $13 billion, has become the next big bitcoin buyer.

According to reports, Jack Dorsey’s Square and MicroStrategy are two other publicly traded companies that today own a large portion of the world’s leading cryptocurrencies.

About NYDIG

NYDIG Trust Company LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services.

NYDIG provides the full suite of digital asset services to premier institutions and sophisticated investors. These services include asset management, prime brokerage, private wealth management, and White Label Solutions. Enabled by a world-class digital asset platform for secure custody, execution & derivatives, financing, and research. NYDIG is the trusted partner of the most well-respected organizations around the globe.

Since 2017, NYDIG has provided digital asset services to investors around the world. NYDIG’s custody platform, built fully in-house, is designed to satisfy the highest regulatory, audit, and governance standard.

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