MassMutual has tripled Bitcoin investment dollar terms

  • MassMutual has more than tripled the value of its Bitcoin investment dollars in less than a year.
  • As the price of Bitcoin hovered around ,500 18,500 on December 10, 2020, the insurance company purchased an undisclosed amount of BTC for $ 100,000,000.

Massachusetts Mutual Life Insurance Company has more than tripled its bitcoin investment in less than a year. The previous BTC / USD peak before December 10 was 19 19,918, and at the time of writing, a bitcoin was worth more than ,000 60,000.

In December, MassMutual confirmed the purchase of $ 100 million bitcoin through institutional bitcoin service provider NYDIG. The Massachusetts-based insurance company jumped on the Bitcoin hype train with the announcement of its millionaire acquisition, which was powered by NYDIG.

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