169-Year-Old MassMutual Invests $100 Million in Bitcoin

In business since 1851, the insurer also takes a $5 million minority equity stake in NYDIG, a provider of cryptocurrency custody services.

By Olga Kharif | December 11, 2020 at 09:22 AM

Massachusetts Mutual Life Insurance Co. has purchased $100 million in bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets.

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