NYDIG Bitcoin Fund Raises $720M, Biggest Market Investment Since December 2020

NYDIG reported on the results of Q2 2022 According to these data, the company doubled its supply of BTC compared to last year
  • NYDIG reported on the results of Q2 2022
  • According to these data, the firm has doubled its supply of BTC compared to last year.
  • At the same time, she allegedly attracted $720 million to her institutional bitcoin fund.
  • If this turns out to be true, then NYDIG has completed its largest investment since December 2020

Last week, the leading provider of investment solutions in the BTC market, NYDIG (New York Digital Investment Group), filed fresh reports with the SEC. According to these papers, the company’s institutional bitcoin fund raised $720 million, the largest investment in the last two years.

59 investors took part in the fundraising. “Average check” amounted to about $ 12 million. For the most part, these are counterparties, large corporations or other funds.

NYDIG supplies bitcoin products in various areas. It is noteworthy that this giant is himself a “daughter”. Its parent company is Stone Ridge, which manages $13 billion in assets.

It is important to note that the information is still under consideration by the SEC. However, there is no reason not to trust her. If the investment in the fund is confirmed, then NYDIG has updated the maximum for funds raised from December 2020.

Let’s remind, today the company also published the reporting for the second quarter of this year. According to it, the firm has doubled its bitcoin portfolio compared to last year. At the same time, over the past four months, its revenue has grown by 130%.

Recall that Robert Kiyosaki predicted the collapse of the dollar. The expert urged everyone to invest in silver and bitcoin, noting that the cryptocurrency rate will rise in the near future.

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