Popular Investment Firm Raises $150m For Bitcoin (BTC)
coinputin.com – New York Digital Investments Group (NYDIG) has raised $ 150 million for two new funds to invest in cryptocurrencies.
NYDIG Digital Assets Fund I raised $ 50 million from institutional investors and NYDIG Digital Assets Fund II raised $ 100 million, according to the U.S. Securities and Exchange Commission filing.
A source familiar with the matter confirmed to Coindesk that Fon i is fully invested in Bitcoin. It is the latest nydig offer for long-standing growing corporate clients at BTC, the source said. It is not yet clear whether Fund II is investing in the cryptocurrency.
The Identity Of The Whales Has Been The Subject Of Curiosity
But what is more intriguing than the size of the two new nydig offerings is the identity of the whales that bought it. Only two unnamed investors appear to have joined nydig’s $ 50 million bitcoin fund, while the other investment is owned by just one person.
The funds show just how much undersized players are powering the 2020 bull run. Companies that make cryptocurrency a treasure reserve, multiple investors and institutions that accumulate cryptocurrencies have united to take BTC to all-time highs.
That institutional investors will flock to Nydig should come as no surprise to those familiar with the field. NYDIG quickly hired BitLicense architect Benjamin Lawsky to provide services to newcomers to the corporate cryptocurrency and secured $ 50 million in funding to build the team.