Express

Massachusetts-Based Insurance Firm Makes $100 Million Bitcoin Investment

Emily Mason

Summary: A Massachusetts-based insurance firm has purchased $100 million worth of Bitcoin for its general insurance account, as reporter by The Wall Street Journal.  MassMutual, a non-publicly traded firm, manages insurance accounts exceeding $235 billion. The firm purchased the Bitcoin through a New York based company called NYDIG, which offers cryptocurrency and custody services. The firm also acquired ...

A Massachusetts-based insurance firm has purchased $100 million worth of Bitcoin for its general insurance account, as reporter by The Wall Street Journal. 

MassMutual, a non-publicly traded firm, manages insurance accounts exceeding $235 billion. The firm purchased the Bitcoin through a New York based company called NYDIG, which offers cryptocurrency and custody services. The firm also acquired a $5 million stake in NYDIG. 

The insurance company told The Wall Street Journal that the investment was part of an strategy to take advantage of new opportunities while remaining diversified in an increasingly digital world.

By Emily Mason

Last Update:

Tags: ,,,
Link: Massachusetts-Based Insurance Firm Makes $100 Million Bitcoin Investment   [Copy]
Next:

Related Articles

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 11 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 26 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.