MassMutual Bitcoin Investment Has Tripled In Dollar Value

Bitcoin Magazine

  • MassMutual has more than tripled the dollar value of its bitcoin investment in under one year.
  • The insurance company bought an undisclosed amount of BTC for $100,000,000 on December 10, 2020, when the bitcoin price was hovering around $18,500.

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

In December, MassMutual secured a $100 million bitcoin purchase through institutional bitcoin services provider NYDIG. The Massachusetts-based insurance company jumped on the Bitcoin hype train with the announcement of its millionaire acquisition, empowered by the assistance of NYDIG.

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