NYDIG Buys $200 Million Bitcoin – Trustnodes

NYDIG Buys $200 Million Bitcoin


Stone Ridge offices

The New York Digital Investment Group (NYDIG) has launched a third fund, called NYDIG Digital Assets Fund III, according to a filing with the Securities and Exchanges Commission.

The fund says they sold $200 million to just one investor with it dated first of February 2021.

It’s not clear whether the investor is Marathon Patent Group, which announced on January 25th they bought 4,812.66 BTC at an aggregate purchase price of $150 million.

Marathon mentions they bought it through NYDIG, but at the average price of $31,168 per bitcoin.

This discrepancy in figures and the fact the $200 million was just one investor, indicates it may well be someone else.

NYDIG for example bought $100 million worth of bitcoin for the insurance giant Mass Mutual in December.

This fund that came out of Stone Ridge thus serves numerous corporate and institutional clients.

So all we know is that one of them bought $200 million worth of digital assets, but who it is exactly is a bit unclear currently.

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