The company took a $5 million stake in NYDIG giving it “direct exposure” to price swings in cryptocurrency. NYDIG is a fast-growing institutional crypto shop and has $2.3 billion under management. MassMutual was cited as saying it is looking for “measured yet meaningful” exposure to the space. To put the moves in perspective, though, the company manages $235 billion.
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MassMutual Makes Pair of Moves to Splash the Crypto Space
Massachusetts Mutual Life Insurance Co. is making waves with its $100 million Bitcoin investment and new stake in NYDIG. So reports Coindesk.
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