Large 169-Year-Old Insurance Provider Purchase $100M in Bitcoin


MassMutual ends up being the current introduced institutional customer of bitcoin, and also this set might be much more substantial in regards to criterion.

Our primary conversation: Why MassMutual got $100 million in bitcoin and also why it matters.

In this episode, NLW takes a look at current information that MassMutual had actually bought $100 million in bitcoin for its basic account, along with made a $5 million minority financial investment in $2.3 billion property supervisor NYDIG, which aided help with the bitcoin acquisition. He talks about why insurance provider acquisitions are various than various other institutional customers like MicroStrategy, and also why this may be the start of a much more substantial sector fad.