Bitcoin Asset Manager Raises $100 Million
A little known crypto focused asset manager has raised $100 million from just one investor for a new entity called NYDIG Digital Assets Fund II, LP.
The New York Digital Investment Group (NYDIG), came about in 2017 when founders of Stone Ridge Asset Management, which has some $10 billion in investable assets, were buying bitcoin at a significant rate.
So they launched their own solution for bitcoin and crypto investment, handling custody and all relevant aspects, with NYDIG raising some $50 million in October this year. Making it a partially owned subsidiary of Stone Ridge Asset Management.
Learn more about the news here. (https://www.trustnodes.com/2020/12/06/bitcoin-asset-manager-raises-100-million)