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NYDIG, Under New Management, Bets Another $720M on Bitcoin

From decrypt.co

NYDIG (New York Digital Investment Group) has raised $720 million for its Institutional Bitcoin Fund, as revealed in an SEC filing published last week. A total of 59 unnamed investors have contributed to NYDIG’s Bitcoin Fund. The filing doesn’t specify when the firm is planning to complete the purchase, however. The document further states that the U.S. Securities and Exchange Commission (SEC) has “not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.” One of the leading institutional players in the crypto space, NYDIG launched its Bitcoin Fund in ... (full story)

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  • Category: Fundamental Analysis