Bitcoin Asset Manager Raises $100 Million

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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.