Forbes broke the story that $10 billion Stone Ridge Asset Manager purchased $100 million worth of bitcoin to make it the firm’s “primary treasury reserve asset.” This announcement follows recent news from MicroStrategy ($425 million) and Square ($50 million) converting portions of their financial reserves to the original cryptocurrency. Furthermore, Stone Ridge will store the bitcoin with a subsidiary, New York Digital Investment Group (NYDIG), which recently announced a $50 million growth equity fundraise led by Fintech Collective, with Bessemer Ventures and Ribbit Capital participating, bringing its total funding ... (full story)