New York Digital Funding Group has raised $150 million via two separate cryptocurrency funding funds, in line with paperwork filed with america Securities and Alternate Fee on Nov. 24 and Dec. 1.
The NYDIG Digital Belongings Fund I raised $50 million, with the NYDIG Digital Belongings Fund II elevating an extra $100 million.
Stories recommend that the cash raised by Fund I, which invests purely in Bitcoin (BTC), got here from simply two unnamed buyers. In the meantime, the bigger Fund II is reputed to have obtained its complete $100 million funding from a single investor.
The brand new funds observe a giant yr for NYDIG, which introduced $50 million in fairness development in October via investments from business and funding banks, insurance coverage corporations, and asset managers.
New York Digital Funding Group is a subsidiary of Stone Ridge, a $10 billion asset administration large.
As Cointelegraph reported, Stone Ridge lately made a Bitcoin funding of its personal to the tune of 10,000 BTC. Thus far that funding has seen beneficial properties of over $75 million.
There appears to be a rising development of enormous companies investing in Bitcoin, as enterprise intelligence agency MicroStrategy made a $250 million funding into the primary cryptocurrency again in August. NYDIG CEO Robert Gutmann seen this development earlier this yr, stating that Bitcoin is transitioning to a “predominantly institutionally-owned asset.”